Huadu and Ceva Sante´ Animale have signed a joint venture agreement to create Beijing Ceva Huadu Biological Co. Ltd.
CAG Huadu Group is a subsidiary of Beijing Capital Agribusiness Group (CAG) with business activities focused in food, poultry production operations and biopharmaceutical industries. The group has a leading position in China's day-old chick, broiler breeder, layer, and poultry vaccine markets, with annual sales of 120 million layer chicks, 7 billion doses of vaccine and the capacity to process 110 million broilers each year.
Ceva is a major international animal health company specialized in the production of biologicals and pharmaceutical products. It has business in over 110 countries, with a direct presence in 40 and a network of R&D and production centers throughout the world.
The two parties will invest in the form of assets, technology, as well as cash. The new company will be located at the Beijing Daxing Bio-Pharmaceutical base and is scheduled to start operations by January 2012, producing and marketing advanced veterinary vaccine products.
Beijing Ceva Huadu Biological Co. Ltd will upgrade the current production processes, introducing the most advanced equipment and technology, to produce products of the highest international standards. The aim is to become China's leading producer of vaccines for food producing animals with a full package of products and services based on a comprehensive biological R&D program.
The overall objective of the joint venture is to be a highly reliable partner to help China's pig, poultry and livestock producers face the increasing number of major disease challenges.