The international outlook is positive for China’s pork industry
Editor in charge: Zheng Shanshan / Proofreading: Zheng Shanshan
One of the largest cross-border bonds issued by a Chinese pork company occurred in 2013 when Shuanghui International Holdings acquired Smithfield Corporation of the United States. The latter is the world’s leading pig breeding base, while the former is one of the best meat processing companies in China, and has successively invested in and acquired meat-related companies in Brazil, Canada, Germany, the Netherlands, Canada and other countries.
What gave Chinese pork companies the right to speak in the European pork market was the acquisition of Danish Crown by Ningbo Tianbang Foods. Denmark is a big pork producer, and Crown Group is one of the largest meat processing companies in the country. In Australia, COFCO Meat acquired a majority stake in QAF, a well-known pork producer in the country, marking an important move for China to enter the pork industry in the southern hemisphere.