[8 June/ Global Meat News]

The Copenhagen-based Investment Fund for Developing Countries (IFU) is one of four investors in a large new pig breeding and processing project in northern China. IFU joined three Chinese investors in setting up Heilongjiang Ya Ou Mu Yu Co Ltd. Heilongjiang Ya Ou Mu Yu Co Ltd is an RMB918 million project located outside Suihua city and set to finish up to 40,000 pigs per year for slaughter; however, the slaughterhouse will have processing capacity for 200,000 pigs annually. Other investors in the project include Hangzhou Jie Dao Investment Management Co, Heilongjiang Green Agricultural Development Co and lead investor and operator Zhejiang Nongcun Development Group. Heilongjiang Ya Ou Mu Yu Co-Chairman Gu Bao Jun said the project would meet Chinese demand for safe meat products. The project and employ six foreign pig breeding experts.