January 22, 2010
CJ Corp plans to expand lysine operation
At the groundbreaking ceremony for the second phase construction of its nucleotide plant in China's Shandong province on Thursday (Jan 21), CJ Corporation indicated that it is determined to maintain its position as the leading global producer of nucleotide as well as expanding its feed additives operation in the middle and long term.
Through its investment plans, CJ, which is South Korea's largest foodstuff manufacturer, aims to raise its lysineproduction capacity to 500,000 tonnes by 2013. In addition, with its large-scale operation offering advantages in terms of products and prices, CJ plans to be the largest customer-driven company and achieves equal footing with China's Global Bio-Chem Group and Japan's Ajinomoto Group in the feed lysine market.
As the global livestock industry and meat consumption continue to grow amid higher national incomes, the demand for feed lysine internationally has been rising at a rate of 7% annually, with China having the most rapid growth. In order to establish itself as the leader in the Chinese market, CJ will focus its lysine investments primarily in China.
Meanwhile, CJ also has plans to expand operations in its Indonesian and Brazilian plants. Besides these three main production bases, CJ is considering to set up plants in the Southeast Asia region. Furthermore, the company will not exclude the idea of acquiring or cooperating with other companies to expand its operations, provided that conditions are acceptable.