AgFeed Industries, Inc. Announces That the Company Has Never Utilized Melamine in its Products or Raw Material
NEW YORK, Oct. 30 /Xinhua-PRNewswire/ -- AgFeed Industries, Inc. (Nasdaq:
FEED) the largest commercial hog producer and the largest premix feed company
in China is pleased to announce that in the wake of concerns regarding the use
by some companies of melamine to artificially increase the level of protein in
animals, AgFeed has never used such chemical. In this regard, AgFeed has
requested and has received early government testing and has been declared, for
all of the company's products and raw materials, melamine free.
About AgFeed Industries, Inc.
NASDAQ Global Market listed AgFeed Industries (www.agfeedinc.com) is a US
company with its primary operations in China. AgFeed has two profitable
business lines -- premix animal feed and hog production. AgFeed is China's
largest commercial hog producer in terms of total annual hog production as
well as the largest premix feed company in terms of revenues. China is the
world's largest hog producing country that produces over 600 million hogs per
year, compared to approximately 100 million hogs in the US. China also has
the world's largest consumer base for pork consumption. Over 65% of total
meat consumed in China is pork. Hog production in China enjoys income tax
free status. The pre-mix feed market in which AgFeed operates is an
approximately $1.6 billion segment of China's $40 billion per year animal feed
market, according to the China Feed Industry Association.
Contact Information:
U.S. Contact:
Arnold Staloff
Independent Board Member
AgFeed Industries, Inc.
Tel: 212-631-3510
Corporate Contact:
Gerry Daignault
Chief Operating Officer
AgFeed Industries, Inc.
Tel: 615-480-7847
SOURCE AgFeed Industries, Inc.
International News / Press Release source: PR Newswire
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