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China's Zhongpin Says Will Capitalise on Recovering Economy and Pork Consumption.

17 June 2009 - At a recent shareholder meeting in Beijing, Chinese pork producer Zongpin Inc., which saw its 2008 revenues grow 85% to a record USD USD

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 539.8 million, said that it continues to hold a positive outlook for the long-term growth potential of China's pork industry.

Zhongpin's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  and Chairman, Mr. Xianfu Zhu, argued that his company's recent investments in the pork sector will help to cement its position as a leading producer as the Chinese economy is gradually picking up and will favour pork consumption.

"As China's economy recovers, positive consumer outlook will drive the demand for high quality pork products. We believe our strategic capacity expansion, optimization of our product mix, targeted market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market
penetration - the act of entering into or through something; "the penetration of upper management by women"
, and brand building efforts are geared towards successfully capitalizing on the available growth potential in the Chinese pork processing industry," said Mr. Zhu.
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Publication:Feedinfo News Service
Date:Jun 17, 2009
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