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FEED: AgFeed Industries announces entry into letter of intent to create joint venture to establish Pan Asian Pork Production Management Co using Western Technology (4.34)

Co announces that it has entered into a letter of intent to form a joint venture with M2P2, a leading US hog production and industry mgmt consulting company. Formed in 2003, M2P2 merges expertise in all phases of hog production, from birth to market, into one company. Today, M2P2 operates in six states throughout the U.S. and owns and operates 28,500 sows and finishes 1,200,000 market hogs annually. The joint venture will be a Pan Asian based production mgmt company focused on introducing the western model of modern production systems. The mgmt services offered will include facility planning, international staff training, science based genetics, bio security and interactive information systems to upgrade pork production systems throughout Asia. The joint venture will be majority owned by AgFeed. After the initial beta-site project the joint venture will offer the proven services to hog producers in China and Asia as well as international companies seeking a foothold in the Pan-Asian market where 65% of the world's hog production is consumed.