China Xiangtai Food Co. Ltd., an emerging growth company engaged in the food processing business, today announced that the company, through its primary operating subsidiary Chongqing Penglin Food Co. Ltd., has entered into a lease agreement to expand its hog breeding business in Guangxi Province.
Pursuant to the agreement, the company has agreed to rent a 2,500-square-meter hog breeding farm with four hog breeding houses in Guangxi for five years until May 7, 2025.
"By combining the capacity of the farm and business experience of our company, we will be able to have better control of the supply chain and thus our company to continue building our competitive advantages in the market," says Zeshu Dai, chairman and chief executive officer of China Xiangtai Food Co. Ltd.
Xiaohui Wu, president and director of China Xiangtai Food Co. Ltd., says "We are implementing our vertical integration strategy to seize development opportunities. The farm can further optimize the deployment of PLIN's production capacity while also increasing the quality of our offerings at fair and stable prices since we are able to control the supply end of our products. We believe this move will further enhance the company's profitability and realize our commitment to increase long-term shareholder value."
Headquartered in Chongqing, China, China Xiangtai Food Co. Ltd., is a food company primarily engaged in pork processing. The company's operations span key sections of the pork processing value chain, including slaughtering, packing, distribution and wholesale of a variety of fresh pork meat and parts. Primarily focused on pork products, the company also offers other fresh and processed products, including beef, lamb and poultries. Through the recent acquisition of Chongqing Ji Mao Cang Feed Co. Ltd, the company has also expanded into the business of feed raw material and feed formula solutions. Through its core values, the company is committed to maintaining the highest standards of food safety, product quality and sustainability to provide high-quality, nutritious and tasty food in a responsible manner through its portfolio of trusted brands. Click here for more information.