Genus, a global animal genetics company, has said that its porcine genetics division, PIC, has signed a joint venture (JV) agreement with Shaanxi Yangling BeSun Agricultural Group, an integrated pork producer in China, to partner in the operation of a large 4,250 sow nucleus farm in China's Shaanxi province.
The JV, which will see Genus become a 49% partner through a cash investment of about £8.7m, has been formed to expand Genus's porcine business in China, in line with its new corporate strategy to focus on growing key markets and segments such as the Chinese integrated pork producer segment.
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