Henan Huaying Agricultural Development Co., Ltd. Plans Expansion in Henan Province According to BAC Report01 Sep 2011 • by Natalie Aster
LONDON - Poultry processor from China Henan Huaying Agricultural Development Co. recently announced its intention to construct a new duck farm in Henan province. Its annual capacity will amount 180,000 tons and is going to help the company meet growing demand for its duck products.
New plant total cost will make CNY 23.2 M, according to the company’s CEO. He also stated that the new site is planned to add 29 million ducks more in its main farms and contract farms by the end of 2011, up from current 33 million birds. The total number of poultry processed at both facilities will account 62 million.
Annual duck demand will reach 566,000 tons by the end of 2011, yet Henan Huaying current capacity is 390,000 tons per year. The new plant will add more than 300,000 tons of products for sale, and the company’s total volume will exceed 700,000 tons.
Company’s financial performance is solid. In FY2010 revenues and net income increased by 40% and 40.5%, reaching CNY 1303.3 M and CNY 56.6 M respectively. Henan Huaying has decided to put assets to work. Last quarters’ results are steady, with no gaps. In June 30 2011 revenues and net incomes show growth by 16.5% and 19.25% respectively, comparing to September 30, 2010.
Founded in 1991 and headquartered in Huangchuan, Henan Huaying engages in duck and chicken processing, offering a wide range of fresh and frozen poultry. The enterprise has built a wide Chinese distribution network and set a course for expansion in Asian region.
A complete report on the company’s present activities, risks, business possibilities and experts’ opinion can be found in the report “Henan Huaying Agricultural Development Co., Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
A complete report of the overall China Food and Beverages Industry and the competitors overview can be found in the report “China Food and Beverages Industry Comparative Analysis and Companies Ranking”
More company reports featuring SWOT and financial information, industry and competitors analysis can be found in Company Reports Catalog.
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