France-based Choice Genetics SAS, a leading global swine genetics and breeding company, will set up a subsidiary in China. Choice Genetics China will be the group’s eighth overseas branch. It already has branches in Europe, the Americas and Asia. “Progress toward opening the subsidiary is going smoothly,” said Fu Yan, vice-president of Ningbo Tech-Bank Co Ltd, an agro-processing company. Ningbo Tech-Bank, which is listed in Shenzhen, acquired a 40.69 percent stake in Choice Genetics from the latter’s parent company－Groupe Grimaud－for $15 million in August. The deal, carried out through Ningbo Tech-Bank’s wholly owned subsidiary Hanswine Swine Industry Ltd, makes Ningbo Tech-Bank the second-largest shareholder in Choice Genetics…Full Article: China Daily June 2015
- Ningbo Tech-Bank’s new subsidiary, Choice Genetics China, will be founded (~US$2 million investment) in Hexian county, Ma’anshan, [eastern] Anhui province. This location is also home to Hanswine Swine Industry Ltd, a subsidiary of Ningbo Tech-Bank.
- In 2014, Hanswine Swine Industry Ltd raised approximately 500,000 hogs, sows and boars, and announced plans to have 3 million hogs by 2019/2020.
- From 2013 to 2014, China’s hog population increased from 715 million to 735 million.
- In 2013, Hanswine Swine Industry Ltd was founded by Ningbo Tech-Bank. In addition, the company acquired AgFeed Industries Inc, a US company (NASDAQ-listed), for US$48 million.
- In general, Chinese hogs have a lean meat proportion of 35%, while imported breeds typically have 65%. Some of the more popular breeds China imports include the UK’s Yorkshire and Berkshire hogs, Denmark’s Landrace, and the USA’s Duroc hog.
- In late 2013, the United Kingdom inked a deal with China to supply pig semen.
- From 1991 to 2001, China imported ~16,000 hogs (~1,500 per year), but this figure rose to 2,000 to 5,000 hogs per year from 2002 onward.