Zhongpin Inc. Showcases Model Facility to Tianjin Municipal Government
16 Luglio 2009 - 3:00PM
PR Newswire (US)
CHANGGE CITY, China, July 16 /PRNewswire-Asia-FirstCall/ --
Zhongpin Inc. (NASDAQ:HOGS) ("Zhongpin" or the "Company"), a
leading meat and food processing company in the People's Republic
of China ("China"), today announced that the Company showcased its
standardized integrated meat processing model facility to a
delegation composed of senior officials from the Tianjin Municipal
Government on July 8, 2009. Accompanied by Mr. Xianfu Zhu, Chairman
and CEO of Zhongpin, members of the Tianjin Municipal Government
visited the construction site of Company's new standardized
integrated meat processing facility in the Jinghai Economic
Technical Development Area, Tianjin City. Mr. Gaoli Zhang, Member
of Political Bureau of the Communist Party of China (CPC) Central
Committee and the Secretary of Tianjin Municipal Committee of the
CPC, and Mr. Xingguo Huang, Mayor of Tianjin City, both commended
the Company's diligent efforts, efficient operations, and stressed
Zhongpin's important contributions to the economic progress of
Tianjin and the neighboring cities. The Bohai Bay region and
Tianjin City have a high population density presenting a huge
market for pork consumption. Tianjin is the third largest city in
China with special legal status, and the new production facility
will meet the population's pork demand, encourage hog breeding, and
provide employment opportunities. Zhongpin's new Tianjin facility
will have annual processed meat production capacity of 36,000
metric tons, chilled pork capacity of 70,000 metric tons, and
frozen pork capacity of 30,000 metric tons. The daily processed
meat production capacity of this facility will account for
approximately 20% of the overall consumption in the Tianjin market.
In addition to the meat processing center, the new facility
includes a cold-chain logistics and distribution center, which is
targeted to be one of the most influential cold chain logistics
bases around Tianjin City and Bohai Bay; a capacity support center,
which includes a R&D center, an inspection center, an
information technology center, and a training center. When the
facility comes online in 2010, it will employ 1,800 workers and
provide employment opportunities for more than 23,000 people both
upstream and downstream in the meat and processed food industry.
The overall design is in accordance with strict environmental
protection requirements and an important step for Tianjin's
ecology. "This new facility will play a significant role in
Zhongpin's global strategy and its development in the chilled pork
and prepared meat supply chain. Zhongpin is one of the few meat
processors in China promoting integration, technological
advancement, and superior quality. Our new standardized integrated
meat processing facility in Tianjin City will further modernize the
industry. We are significantly increasing our production capacity
to meet growing demand for our pork products," commented Mr. Xianfu
Zhu, Chairman and CEO of Zhongpin. "Upon completion, this facility
will enhance our production capabilities, expand our capacity and
make positive contributions to Tianjin's growing economy." About
Zhongpin Zhongpin is a meat and food processing company that
specializes in pork and pork products, and fruits and vegetables in
China. Its distribution network in China spans 20 provinces and 4
cities with special legal status, and includes over 3,097 retail
outlets. Zhongpin's export markets include the European Union and
Southeast Asia. For more information, contact CCG Investor
Relations directly or go to Zhongpin's website at
http://www.zpfood.com/ . Safe Harbor Statement Under the Private
Securities Litigation Reform Act of 1995: Certain statements in
this press release and oral statements made by Zhongpin on its
conference call in relation to this release constitute
forward-looking statements for purposes of the safe harbor
provisions under The Private Securities Litigation Reform Act of
1995. These statements include, without limitation, statements
regarding our expectations of future consumer demand and ability to
complete the facility within the timeframe discussed. We have based
these forward-looking statements largely on our current
expectations and projections about future events and financial
trends that we believe may affect our financial condition, results
of operations, business strategy and financial needs, but these
projections also involve risks and uncertainties that could cause
actual results to differ materially from those in the
forward-looking statements, which may include, but are not limited
to, such factors as, 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. You are urged to
consider these factors carefully in evaluating the forward-looking
statements herein and are cautioned not to place undue reliance on
such forward-looking statements, which are qualified in their
entirety by this cautionary statement. The forward-looking
statements made herein speak only as of the date of this press
release and the Company undertakes no duty to update any
forward-looking statement to conform the statement to actual
results or changes in the company's expectations. For more
information, please contact: Crocker Coulson, President CCG
Investor Relations Tel: +1-646-213-1915 Email: Web:
http://www.ccgirasia.com/ Feng Wang, Chief Financial Officer
Zhongpin Inc. Tel: +86-10-8286-1788 Email: Web:
http://www.zpfood.com/ DATASOURCE: Zhongpin Inc. CONTACT: Crocker
Coulson, President of CCG Investor Relations, +1-646-213-1915, ; or
Feng Wang, Chief Financial Officer of Zhongpin Inc.,
+86-10-8286-1788, Web site: http://www.zpfood.com/
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