Haid Group to build 3 feed plants in China
The Chinese aquatic and poultry feed producer Haid Group has announced it will build three new feed plants in China. Together, they will cost RMB249 million (US$36m) and produce 640,000 tonnes of feed. The plants will be located in the provinces of Jiangsu, Guangdong and Hainan, and are expected to start production next year. In addition, the enterprise intends to invest up to US$8 million to launch a wholly owned subsidiary overseas for materials procurement in the international market.