InvestorsHub Logo

kuwlness

11/04/09 10:43 AM

#1793 RE: wireliner #1792

ZhungXing Cattle Husbandry Co. Ltd. to Add 1,800 Head of Cattle Increasing Dairy Production Output up to 23%

GUANGZHOU, China, Nov 04, 2009 (BUSINESS WIRE) -- Sino Agro Food, Inc. (Pink Sheet: SIAF), an emerging integrated, diversified agriculture technology and organic food company with subsidiaries operating in China, is pleased to announce the Company's 78% owned subsidiary ZhungXing Cattle Husbandry Co. Ltd. has paid the required deposit to import 1,800 head of cattle from Uruguay. The shipment is scheduled for delivery February 2010.

The Company currently has 3,500 milking cows in production, 1,400 milking cows on standby, 1,200 in nursery and 880 beef cattle. This latest shipment will bring the total cattle and milking herd to over 8,700. This will represent a 23% increase in dairy production capabilities.

Mr. Lee Solomon, Sino Agro Food, Inc. CEO, stated, "By importing quality cattle from Uruguay, the imported cattle will be used to breed a more productive herd. The breeding cycle takes up to three years, by which time we expect to increase our production from 6.89 tons of milk per cow to 8.5 tons by 2013. This will allow us to increase production while maintaining the same unit cost of production thereby increasing both our gross and net profits."