Asian firms invest in European animal feed, poultry sectors
A Chinese company is building a feed mill in Bulgaria, while in Romania, a new poultry and feed complex is being financed by an Indian firm
Construction has begun on the first Chinese-financed animal feed plant in Bulgaria, official sources in China report. The new mill is located in Dobrich in the northeast of the country, in the main grain-producing region.
At a cost of US$6.5 million, the project is being financed by a private company, China TianJin Tianshinong Farming Technology Co. Ltd. Initial production capacity will be 150,000 metric tons (mt), rising to 300,000 mt. Around 90 percent of output will be exported to China.
The plant is expected to start operation this fall and to create 50 new jobs.
The groundbreaking ceremony was attended by Bulgarian Deputy Minister for the Economy Luben Petrov, who said his country gives high priority to cooperation with China, and will support all initiatives that support growing bilateral relations.
The executive director of the Association for the Promotion of Agricultural Cooperation between China and the Central and Eastern European Countries, Vasil Gelev, told Chinese news agency, Xinhua, that bilateral Bulgarian-Chinese cooperation in the field of agriculture is promising. He said China has already invested in Bulgarian agriculture in projects that cover corn growing, fruit and vegetable production and food processing.
IBS Synergies investing in Romanian poultry operation
An official from the Romanian government said the project involved a hatchery, feed plant and slaughterhouse. The latter will have a capacity of 30 million broilers per year. The total workforce will be around 500.