TIANLI AGRITECH, INC. (NASDAQ GM : OINK)
Our company is in the business of research and development, raising, breeding and selling hogs in the People's Republic of China. Our efforts are focused on growing healthy, hearty hogs for sale for breeding and meat purposes. We operate our business through contractual arrangements between our wholly-owned subsidiary which is situated in Hubei Province, China. Our investment in breeding and farming technology position us well to reach these goals.
We are a holding company incorporated in the British Virgin Islands. Our wholly-owned subsidiary is one of the largest commercial hog farming companies in Wuhan and Hubei. We entered the hog breeding and production business in 2005 and at that time we built the first hog farm. In this business, we mainly produce hogs for slaughter and sell breeding stock. The company conducts genetic, breeding and nutrition research to improve its production capabilities. The animal nutrition research consists of the research and development of biofeed premix ("premix") for use in its hog farms. In coordination with a local institute, the company has developed this product to improve feed to meat conversion ratios, improve the health of our hogs and reduce our feeding costs.
We plan to grow our position as one of Wuhan's largest hog farming companies. We intend to achieve this goal by implementing the following strategies: increase hog production capacity by upgrading our genetic breeding base; acquire and/or construct new purebred and crossbred hog farms; develop a sow replacement program to continually replace less-productive sows with more productive ones; leverage our research capabilities to breed superior breeding hogs that can be supplied to our farms and sold to other breeder farms; continue to strengthen our brand image in order to position our company to command a premium for meat products if and when we open retail operations; and investigate expansion into retail chains.
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