Muyang Group sales increased by 20-30% attributing to its new plant latter of 2013
On 1st, May of 2013 Muyang Group opened its new factory which is stated to be the world's largest feed machinery production and research base spending CNY 1.3 billion , located close to its current headquarters and production plant in Jiangsu, China. Muyang Group Senior Engineer, Group Vice President Wang, said that construction of the new factory was in strict accordance with world-class standards. And state of the art processing machinery was importing from countries such as Germany and Japan. Reporter said that latter half 2013, sales of feed machines increased by 20-30% attributing to the new plant and the group’s sales are expected to reach more than CNY 7 billion. The company estimates that production capacity will reach CNY 8-10 billion.
At present, China has 10,000 feed mills with the number increasing quickly. With the new research and production facilities Muyang Group hope to be better positioning to meet the needs of the feed industry with advanced production equipment, and enhance the overall level of equipment in the feed industry. Muyang hopes that the construction of the new plant is a major step in the globalization of the Muyang Group, and are a solid foundation in the company reaching its target of CNY 20 billion by 2015.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China aqua industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.