Nu Fung Hong, Hong Kong's biggest importer of food from mainland China, has signed an agreement with Shanghai East Asia Group to build a meat processing plant. Nu Fung Hong will provide 51 per cent of the Yn360m to be invested in the plant, the Shanghai Meat Processing Centre.
When construction in the Jiading district of the city is complete at the end of 2004, the plant will have the capacity to slaughter 3m pigs a year and replace dozens of smaller facilities in the city.