March 19, 2009
China's Ningxia DBN constructs animal feed production base
Ningxia Da Bei Nong Technical Industry Co Ltd (DBN) has started the construction of an animal feed production base for cattle and sheep in Yinchuan city, Ningxia.
With a total investment of RMB90 million, the feed production base will produce an annual output of 600,000 tonnes upon completion.
The construction project has two stages where the first stage will start production by October 2009, with a production capacity of 300,000 tonnes yearly. The second phase, to be completed in 2012, will see feed production annual sales revenue to increase to RMB1.2 billion and a net profit of RMB48 million.
US$1=RMB6.832 (Mar 19)