China Haid Group to build three new feed plants

Haid Group Co Ltd, an aquatic and poultry feed producer based in Guangzhou, plans to spend RMB249 million (US$36 million) to build three plants with a combined annual output of 640,000 tonnes of feed.

One plant, which will be located in Changzhou, Jiangsu province and will cost RMB 98.6 million (US$14.4 million), will include five production lines for granulated feed and two for the production of extruded feed.

Haid Group will also invest RMB82 million (US$12 million) to build a 220,000-tonne plant in Jieyang, Guangdong Province. The third plant, which will be located in Chengmai, Hainan Province, will produce 180,000 tonnes of feed.

The three plants are expected to go into operation in 2011. In addition, the enterprise intends to invest up to US$8 million to launch a wholly-owned subsidiary overseas for materials procurement in the international market.