Chinese premix firm gets government grant
AgFeed Industries, Inc, a market leader in China's premix animal nutrition
industry, today announced that the Company's Lushan Breeder Hog Farm was
designated a "National Breeder Hog Center" by the Chinese government.
AgFeed will receive RMB 300,000 (€28,000) in an annual
grant from the government in recognition of its outstanding breeder pig
There are a total of 46 nationally designated breeder pig
centers in China as part of the government's "National Breeder Hog Testing Labs"
project which promotes better quality hogs to address the country's
severe pig shortage. Pork represents about 65% of China's annual meat
Songyan Li, Ph.D., AgFeed's Chairman, commented: "AgFeed
completed the acquisition of the Lushan breeder pig farm in November 2007 in
anticipation of an annual production of approximately 20,000 pigs as well as the
farm's superb breeder hog quality. Management's vision towards the successful
Lushan acquisition is now also recognized by the government authority.
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