Zhongpin Completes Expansion of Pork Plant in Anyang, Henan Province
CHANGGE,
Zhongpin Inc. (“Zhongpin”, Nasdaq: HOGS), a leading meat and food processing
company in
completed the five-month expansion and improvement of its pork plant in the
city of Anyang in the
Zhongpin invested about
further improve the plant’s pre-cooling room, slaughtering line equipment,
refrigeration systems, sewage treatment system, and ancillary facilities.
With the expansion, Zhongpin has increased the plant’s capacity by 35% to an
annual capacity of 85,000 metric tons from the previous 63,000 metric tons.
Chilled pork capacity now accounts for about 70% of the plant’s capacity, up
from the prior 60% of capacity. The plant’s new operations are running well
and will be producing at higher volumes in the near future.
Mr.
explained, “Our improvements in this facility, especially for chilled pork,
demonstrate our already good success in Anyang and the north
believe the new capacity will help us meet the rapidly growing demand for
high-quality chilled pork that we expect in north
several years.”
Zhongpin’s Anyang plant began operations in
in 2010 was the plant’s first major reconstruction. During the expansion, the
Anyang plant’s operations and pork distribution system to the market operated
as usual.
In Zhongpin’s marketing strategy, north
important markets. The expansion in the Anyang plant will help satisfy the
growing demand for Zhongpin’s products in this important region.
About Zhongpin
Zhongpin Inc. is a meat and food processing company that specializes in
pork and pork products, vegetables, and fruits in
network in
markets include the European Union,
website at http://www.zpfood.com .
Safe harbor statement
Certain statements in this news release are forward-looking statements
made under the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Zhongpin has based its forward-looking statements largely
on its current expectations and projections about future events and trends
that it believes may affect its business strategy, results of operations,
financial condition, and financing needs.
These projections involve risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking statements,
which may include but are not limited to such factors as downturns in the
Chinese economy, unanticipated changes in product demand, interruptions in the
supply of live pigs and or raw pork, poor performance of the retail
distribution network, delivery delays, freezer facility malfunctions,
Zhongpin’s ability to build and commence new production facilities according
to intended timelines, the ability to prepare Zhongpin for growth, the ability
to predict Zhongpin’s future financial performance and financing ability,
changes in regulations, and other information detailed in Zhongpin’s filings
with the United States Securities and Exchange Commission. These filings are
available from www.sec.gov or from Zhongpin’s website at
http://www.zpfood.com .
You are urged to consider these factors carefully in evaluating Zhongpin’s
forward-looking statements and are cautioned not to place undue reliance on
those forward-looking statements, which are qualified in their entirety by
this cautionary statement. All information provided in this news release is as
of the date of this release. Zhongpin does not undertake any obligation to
update any forward-looking statement as a result of new information, future
events or otherwise, except as required by law.
For more information, please contact:
Zhongpin Inc.
Mr. Sterling Song (English and Chinese)
Investor Relations Manager
Tel: +86-10-8286-1788 x101 in Beijing
Email: ir@zhongpin.com
Mr. Warren (Feng) Wang (English and Chinese)
Chief Financial Officer
Tel: +86-10-8286-1788 x104 in Beijing
Email: warren.wang@zhongpin.com
Christensen
Mr. Tom Myers (English)
Mobile: +86-139-1141-3520 in Beijing
Email: tmyers@christensenir.com
Ms. Kathy Li (English and Chinese)
Tel: +1-212-618-1978
Email: kli@christensenir.com
SOURCE Zhongpin Inc.