Strategic Thai-Chinese alliance in farming projects
New shrimp, poultry and pig farms are to be built in the Chinese province of Hainan as part of a strategic alliance developed between Thai Charoen Pokphand Group and its Chinese partner Hai Ken Group – also known as Hainan State Farm Group.
Charoen Pokphand Group is an important player in the seafood segment in China, acting as an aquaculture producer and distributor of seafood products to local retailers, reports Seafood Source magazine. It also expanded its line of business to pig farming in this market and now intends to increase its presence in the Chinese agricultural landscape by developing a "modern agriculture" park with a local state-owned partner, Hai Ken Group.
Along with some new shrimp farms that are to be built in the Danzhou city region of Hainan, the two companies want to create an agricultural park that will include feed milling facilities, poultry farms, and pig farms producing 300,000 pigs.
Hai Ken Group is a conglomerate of companies with a staff of 60,000 workers manning rubber plantations, “tropical agriculture,” tourism, and real estate operations.
(Photo source: Pyxera Global)
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