Tönnies and its partner invest 500 million euros in China

27-Sep-2019 - Germany

Germany's largest slaughterhouse Tönnies expands its foreign business. The company based in Rheda-Wiedenbrück in East Westphalia is investing 500 million euros together with a partner in a new slaughtering and cutting plant in China, as a Tönnies spokesman told the German Press Agency on Thursday. The "Lebensmittel Zeitung" had previously reported on the project.

According to the plan, a pig slaughterhouse with an initial capacity of two million animals is to be built in the province of Sichuan in a first step together with the Chinese Dekon Group. Later, the partners, who each hold 50 percent, intend to slaughter seven million pigs a year at the site. Construction is scheduled to start in 2020. According to the "Lebensmittel Zeitung", Dekon specialises in the agricultural sector and already operates fattening facilities for pigs and poultry in China.

The Tönnies Group, with around 16,000 employees worldwide, achieved sales of 6.65 billion euros in 2018 from the slaughter of pigs and cattle. In Germany, however, business has been stagnating for years. Growth is only possible through acquisitions. In 2015 Tönnies therefore took over the Danish company Tican and expanded its business to Denmark, Great Britain and Poland./lic/DP/jha (dpa)

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