CP investing in China

by Emily Wilson
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BEIHAI, GUANGXI, CHINA — Charoen Pokphand Food Group is to build a 50,000 tonnes per annum (tpa) feedmill in Beihai, Guangxi, in southern China to produce feeds for local aquaculture operations. It will comprise a 30,000 t/pa shrimp feed line and a 20,000 t/pa fish feed line. CPF projects net profit of $10 million over five year, or an average of 9 % a year.