Tianli Agritech Completes New Black Hog Feed Facility in Enshi Autonomous
WUHAN CITY, China, Dec. 10, 2012
WUHAN CITY, China, Dec. 10, 2012 /PRNewswire/ --Tianli Agritech, Inc.
(NASDAQ: OINK) ("Tianli" or the "Company"), a top leading producer of breeder
hogs, market hogs and black hogs based in Wuhan City, China, today announced
it completed construction of a new feed facility located in Enshi Autonomous
Prefecture, Hubei, China. The new facility produces the feed with its special
formula for Tianli's "10,000 families and 1,000,000 Black Hogs" program. This
program was launched by Tianli and Enshi Autonomous Prefecture Government in
Through years of research, Tianli has developed its own proprietary feed
formula for its own Black Hogs. The new facility has been designed with the
annual production capacity of 30,000 tons, sufficient to supply 100,000 Black
Hogs in Enshi Region. The new facility is currently in testing production
phase while the Company awaits processing permits from the Bureau of Animal
Husbandry and Veterinary of Hubei Province. Tianli expects to commence full
production in the 2nd quarter of 2013 and contribute $15 million from this new
facility, the assumption is based on the current hog feed market price.
Hanying Li, Chairwoman and CEO of Tianli Agritech stated, "We are very proud
to announce the completion of this new milestone in our "10,000 families,
1,000,000 Black Hogs" program. The new facility will serve the execution of
Enshi Black Hog Program and specially enforces the quality control of Black
Hog Feed and Black Pork. Meat Quality is the foundation of our success in the
About Tianli Agritech, Inc.
Tianli Agritech, Inc. is specialized in breeding, raising and distributing
hogs in the People's Republic of China. The company's mission is to provide
people the best quality pork meat, especially traditional Chinese Enshi Black
Hogs. The company constantly conducts genetic, breeding and nutrition research
to steadily improve its production capabilities.
This news release contains forward-looking statements as defined by the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
include statements concerning plans, objectives, goals, strategies, future
events or performance, and underlying assumptions and other statements that
are other than statements of historical facts. These statements are subject to
uncertainties and risks including, but not limited to, product and service
demand and acceptance, changes in technology, economic conditions, the impact
of competition and pricing, government regulation, and other risks contained
in reports filed by the Company with the Securities and Exchange Commission.
All such forward-looking statements, whether written or oral, and whether made
by or on behalf of the Company, are expressly qualified by the cautionary
statements and any other cautionary statements which may accompany the
forward-looking statements. In addition, the Company disclaims any obligation
to update any forward-looking statements to reflect events or circumstances
after the date hereof.
Company – US
Tianli Agritech, Inc.
Mr. Simon Guo
Vice President and US Representative
Company – CHINA
Tianli Agritech, Inc.
Ms. Joyce Shen
Phone: 86-27-82740726 x 895
Mr. John Mattio
MZ Group, SVP
Phone: (212) 730-7130
SOURCE Tianli Agritech, Inc.
Press spacebar to pause and continue. Press esc to stop.