The government in central China is reporting that OSI has agreed to buy out full control of the joint venture poultry breeding and processing firm it runs in Henan province.
Nearly 25 million pigs will be added to China’s herd between 2015 and 2018 by a handful of leading companies in investments worth RMB70 billion ($10.74bn).
China’s General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) will establish a meat import inspection checkpoint in Luohe city, Henan province, the central China base of meat processor Shuanghui Group.
Chinese foodmaker Yinlu Foods Group has announced plans to spend almost half a billion dollars in the construction of two new factories. The investment will serve to increase capacity by two-thirds.