August 17, 2010
China-Biotics to set up feed probiotics plant in Shanxi
China-Biotics Inc on Monday (Aug 16) announced plans to build a new facility dedicated to the production and sale of probiotics and related biological products for the animal feed industry in Yangling Agricultural High-tech Industries Demonstration Zone in Shanxi province.
The new 126-mu facility is estimated to be completed within two years. Once operational, it will enjoy a favourable tax break for the first three years and half the standard tax rate in the following year. The company is currently in discussions with leading domestic and multinational agricultural companies for potential partnership in this project.
Jinan Song, Chairman and Chief Executive Officer of China-Biotics, commented, "After nearly three years of thorough study and testing of probiotics strains for animal feed products and refining our proprietary fermentation technology, we have reached a new stage that allows us to commercialise our research achievements. The establishment of this animal feed probiotics facility, which can become the second engine to propel our long-term growth, will mark another milestone for China-Biotics as we confidently march into the vast Chinese animal feed market."
"Probiotics have been identified by the National Development Reform Commission as a major solution to address the overuse of antibiotics in livestock and fish farms. As China continues to face a scarcity of domestically supplied enzymes and fermented animal feed, our new animal feed probiotics production base will make a timely entrance into the marketplace," Song concluded.
Initiated by 20 central government ministries and commissions, as well as the Shanxi Provincial Government, the Yangling Agricultural High-tech Industries Demonstration Zone was approved by the State Council in July 1997 as the only state-level agricultural high-tech industries demonstration zone in China.
Yangling serves as the hub for leading industries in plant and animal breeding, environment conservation, agricultural materials, green food and bio-pharmaceuticals. Amorim, Cargill, Mitsui and Chinese soft beverage giant Huiyuan are among the over 1,000 companies that have already established facilities in Yangling High-tech Industries Demonstration Zone.
China-Biotics Inc is a leading manufacturer of biotechnology products and supplements that engages in the research, development, marketing and distribution of probiotics dietary supplements in China. Through its wholly owned subsidiary, Shanghai Shining Biotechnology Co Ltd, the company develops and produces its proprietary product portfolio, including live microbial nutritional supplements under the "Shining" brand.