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The Henan Zhongpin Bonded Warehouse Project is funded by Zhongpin Food Company and its total investment is 1.29 billion yuan ($208.34 million). It covers an area of 24 hectares. The company is aiming to provide services related to bonded logistics, consultation, transportation and finance, in addition to agency services including applying for customs and inspection declarations.
The construction will include building bonded warehouses, processing workshops and a vehicle dispatching area. The company expects that the annual logistics services of imported and exported goods will make 10 billion yuan (about $1.62 million), with tax reaching 480 million yuan ($77.52 million).
The Henan Zhongpin Food Company was established in 1993, and its operations now focus on agricultural product processing, food manufacturing and cold chain logistics – and mainly deals in refrigerated meat products. The company has 53 branches, and its main products are the Zhongpin brand is widelyrecognized. The company went public in the United States in February 2006 and, in December 2007, it was the first company in China's food industry to go public at the National Association of Securities Deal Automated Quotations (NASDAQ).
