China -- New Hope Group, the parent company of Sichuan New Hope Agribusiness, announced it will expand in overseas markets by creating 15 to 20 plants in Southeast Asia, central Africa and Europe over the next five years, reports dfdaily.com, citing New Hope chairman Liu Yonghao.
New Hope currently has 12 feed processing plants in Vietnam, Cambodia, the Philippines and Indonesia.
Liu said the group will open a new feed plant in Egypt this year and will also apply to acquire a stake in PGG Wrightson, New Zealand’s biggest agricultural service company.
