Genus Increases Porcine Capacity in China
CHINA - Genus, a world leading animal genetics company, is pleased to announce significant advances in its strategy for expansion in China with progress being made in both the bovine and porcine sectors.
These initiatives represent major steps forward in the Company's strategic focus on growth in emerging markets whilst maintaining its leading status in the developed world.
In September 2008 Genus announced the expansion of its porcine breeding stock production network in China. Genus is pleased to announce a further increase in this capacity. Genus has contracted to lease production nucleus capacity in Liaoning province to meet forecast increases in demand as more world class pig units are established as a result of Chinese government initiatives to promote modernisation in the agricultural sector. This investment underpins Genus’ position as a market leader in China for the supply of elite genetics to China’s foremost farmers and pork producers.
The new production nucleus farm is expected to commence activities in October 2010 and when completed Genus will have established sufficient production capacity to enable its customers to breed an estimated 17 million pigs per year in China. This represents almost twice the whole UK output for pigs.
