China's largest pig breeding base to be set up
CHINA - China is to set up it's largest pig breeding opertion. The business, named Project 5113, will be in Hubei Province.The Project is a major cooperation deal between China Oil and Food Corporation (COFCO), the country's largest oil and food importer and exporter, and the Hubei provincial government.
With an investment of 9.7 billion yuan, or 1.3 billion U.S. dollars, the COFCO plans to build a pig breeding base with 500,000 breeder pigs. When completed, the base will be capable of providing and processing 10 million pigs each year.
COFCO says it will cooperate with its foreign counterparts and introduce international expertise in managing the base. The base will have subdivisions in charge of breeding, disease control and pork food research & development.