Dabeinong Technology to invest millions for expansion
Comments Off on Dabeinong Technology to invest millions for expansion

Dabeinong Technology to invest millions for expansion

Posted by | December 2, 2013 |

www.allaboutfeed.net

Beijing Dabeinong Technology Group, a Chinese producer of animal feed and seeds, announced it will spend CNY 618 million (€79 million) on a nationwide capacity expansion program. The main reason driving this expansion is high demand exceeding the company’s ability to supply. According to the company, it will acquire and expand animal feed production lines in five cities for CNY 318 million (€37.5m), and then invest another CNY 300 million (€35.5m) for the construction of a bio-pharmaceutical industry base at its wholly-owned subsidiary, Beijing Zhongke Mufeng Bio-Technology.

http://www.allaboutfeed.net/news/dabeinong-technology-to-invest-millions-for-expansion-12869.html

加我们的微信#