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Zhongpin to start trial production at two new pork plants in Jiangsu and Jilin

Source:Benzinga Lightning Feed Release Date:2011-12-19 394
Food & Beverage
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By Allie Wickman

Zhongpin Inc. (Nasdaq: HOGS) announced today that trial production at its two newest chilled and frozen pork products plants, in Jiangsu and Jilin provinces, began on December 16, 2011.

Located in Taizhou, Jiangsu province, Zhongpin began trial production for phase 1 of its new production plant for chilled and frozen pork on December 16, 2011.

The annual production capacity for the Jiangsu phase 1 plant will be about 80,000 metric tons for chilled and easy-to-cook pork products and 20,000 metric tons for frozen pork.

Zhongpin is investing about $63.0 million to build the Jiangsu production facility, warehouse, and distribution center. Construction began in September 2010. Phase 2, a production facility for prepared pork products with an annual capacity of about 30,000 metric tons, is expected to open in the third quarter of 2012.

Located in Changchun, Jilin province, Zhongpin also began trial production for phase 1 of a new plant for chilled and frozen pork on December 16, 2011. The annual production capacity for the Jilin phase 1 plant will be about 70,000 metric tons for chilled pork and 25,000 metric tons for frozen pork.

Zhongpin is investing about $61.5 million to build a slaughtering and processing plant, low temperature prepared pork plant, logistics center, and research and development center in Jilin. Construction began in September 2010. Phase 2 in Jilin will include an annual production capacity for about 30,000 metric tons for prepared pork products, plus a research and development center, which are expected to open in the third quarter of 2012.

(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.

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