Cofco to invest in new feed plant
Cofco Ltd in China will invest 200 million yuan (€22.6m) to build an animal feed plant in Huangshi, Hubei province, the Huangshi Daily reported.
Established in 1949 Cofco is China’s largest grain and oilseeds trader. Cofco Trade is the company’s feed processing and raw materials subsidiary.
The plant will be completed in three phases and will have an annual capacity of 200,000 tonnes of feed, the newspaper said.
The plant will generate 1.2 billion yuan (€135.6m) of annual sales revenue and more than 100 million yuan (€11.3m) in gross profits, the report added.
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