Shuanghui Group, China’s biggest hog processor, plans to boost production volume by 50 percent this year, chairman Wan Long said today in Beijing.
The Henan-based company may slaughter 15.5 million hogs compared with 10.3 million last year, he said. Sales may reach 63 billion yuan, compared with about 60 billion yuan last year, Wan said.
The company will invest 6 billion yuan this year building new projects in cities including Harbin, Changchun, Shenyang, Nanning and Kunming, Wan said.
China’s hog industry is consolidating with bigger producers better poised to weather volitality in hog prices and outcompete regional and small players, Wan said.
Shuanghui’s listed arm is Henan Shuanghui Investment & Development Co.