China Food Company PLC have revealed plans to construct a new feed mill as it strives to build it's animal feed division into something more appealing to potential buyers, as it prepares to sell this business.
In a just released quarterly trading update, the company stated that they plan to invest 32 million CNY (around 4 million Euros) in order to construct the new feed mill. The feed mill will relocate to a new factory on a empty section of their Shouguang site, which will more than double
production capacity. It will boost it's capacity for feed premixes from 18 000t to 50 000t annually and increase pellet feed capacity from 60 000t to 240 000t annually.