Da Bei Nong Group has announced four investment plans with a total of CNY350 million (USD57 million) to be invested in the projects.
The first project is the construction of a feed mill with an annual production capacity of 300,000 tonnes of feed in Jiangshan, Zhejiang province. On the 40 acre site, the company also plan to build a R&D centre, production workshops, warehouses, staff quarters, canteens, laboratories, and more. CNY99 million of its own funds will be used for this project and a new company will be incorporated for its operations.
The second project Da Bei Nong intends to construct a 240,000 per annum feed mill in Bengbu, Anhui. The feed mill will be located on 60 acre of land, which will also be the site of warehouses, an R&D centre, office buildings and other ancillary facilities. A total investment of CNY82.7 million yuan, of the company's funds will be used for this project and a new company will be incorporated for its operations.
The third project Da Bei Nong intends to construct an total mixed rations (TMR) plant with an annual output of 180,000 tonnes in Xiping, Henan. The feed plant will be constructed on 60 acre of land and come at a total investment of CNY70.4 million. Again a will be incorporated for its operations at the batch mixed feed plant.
Finally, the fouth project incolves the building of a feed mill in Meizhou, Guangdong. This feed mill will have an annual output of 240,000 tonnes of mainly pig feed. The site is 80 acres and will have a total investment of CNY94.6 million. Once again a new local company will be formed for the running of the feed mill.