Chinese Government Issues New Pork Processing Regulations to Promote Industry Modernization
05 Giugno 2008 - 3:26PM
PR Newswire (US)
CHANGGE CITY, Henan, China, June 5 /Xinhua-PRNewswire-FirstCall/ --
Zhongpin Inc. (NASDAQ:HOGS) ("Zhongpin"), a leading meat and food
processing company in the People's Republic of China ("PRC"), today
announced that the Chinese government has issued new regulations
designed to promote the modernization of the pork processing
industry. Under the new regulations, effective August 1, 2008, hogs
can only be slaughtered by certified processors. In order to become
certified, processors must meet national standards regarding
abattoir facilities and equipment, water quality, environmental
protection and inspection and quarantine. Certified facilities must
have an animal epidemic prevention certificate, and separate
equipment and areas for pollution-free treatment of ill hogs. In
addition, abattoir technicians must have legal health certificates
and inspectors must pass a pork product quality inspection
examination. Those processors that do not currently meet the new
regulations must either become compliant or cease processing pork,
with certain exceptions for farmers in remote and rural areas. The
new regulations also prevent local governments from restricting the
sale of hog products from quarantined and certified facilities
outside of the local market. Zhongpin currently meets or exceeds
all requirements under the new regulations. In 2002, Zhongpin was
awarded ISO 9001 certification for its abattoirs and pork
production operations by the International Organization of
Standardization. The company's production lines have passed Hazard
Analysis and Critical Control Point (HACCP) under Good
Manufacturing Practice (GMP) and Sanitation Standard Operating
Procedure (SSOP) in China. In addition, the company maintains all
required pork production licenses and certificates from the
relevant central and local governments. "These new standards
underscore the Chinese government's efforts to modernize the pork
processing industry and encourage competition in local markets,"
said Mr. Xianfu Zhu, CEO of Zhongpin. "As all of our facilities
already meet the stringent requirements of international markets,
we view this as an opportunity to increase market share, especially
in second- and third- tier cities that have not previously been
supplied with high-quality chilled pork." About Zhongpin Zhongpin
is a meat and food processing company that specializes in pork and
pork products, and fruits and vegetables, in the PRC. Its
distribution network in the PRC spans more than 20 provinces and
includes over 2,900 retail outlets. Zhongpin's export markets
include the European Union, Eastern Europe, Russia, Hong Kong,
Japan and South Korea. For more information, contact CCG Elite
directly or go to Zhongpin's website at http://www.zpfood.com/ .
Safe Harbor Under the Private Securities Litigation Reform Act of
1995: Certain statements in this press release constitute
forward-looking statements within the meaning of Federal securities
laws. Forward-looking statements are statements that are not
historical facts. Such forward-looking statements are based upon
the current beliefs and expectations of the company's management
and are subject to risks and uncertainties, which could cause
actual results to differ from the forward-looking statements. The
following factors, among others, could cause actual results to
differ from those set forth in the forward-looking statements:
unanticipated changes in product demand, interruptions in the
supply of live pigs/raw pork, downturns in the Chinese economy,
delivery delays, freezer facility malfunctions, poor performance of
the retail distribution network, changes in applicable regulations,
and other information detailed from time to time in the company's
filings and future filings with the United States Securities and
Exchange Commission. For more information, please contact: Crocker
Coulson, President CCG Elite Tel: +1-646-213-1915 Email: Web:
http://www.ccgelite.com/ Yuanmei Ma, Chief Financial Officer
Zhongpin Inc. Tel: +86-10-82861788 Email: Web:
http://www.zpfood.com/ DATASOURCE: Zhongpin Inc. CONTACT: Crocker
Coulson, President, CCG Elite, +1-646-213-1915, or , or Yuanmei Ma,
Chief Financial Officer of Zhongpin Inc., +86-10-82861788; or Web
site: http://www.zpfood.com/ http://www.ccgelite.com/
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