Chinese processor of pork Henan Shuanghui Investment & Development has outlined plans to invest about CNY5bn ($805m) for the expansion of its business in order to boost its production capacity by about 50%.
As part of the expansion plan, the company is purchasing small abattoirs and will also slaughter 52% more hogs in 2013 than the previous year.
Henan Shuanghui president Zhang Taixi said the demand for meat in the country is expected to grow, while the annual per capita meat consumption is expected to double from the current 88 pounds over the next few years.
Henan Shuanghui vice president Li Hongwei was quoted by the site as saying that the company plans to invest in a processing plant in Anhui this year, which produces food-packaging materials and has a farm that will raise 500,000 hogs annually.
Henan Shuanghui Investment & Development provides various meat products in China. The company offers high and low-temperature, as well as fresh and frozen meat products.
