May 20, 2010 (FinancialWire) — Zhongpin Inc. (NASDAQ: HOGS), a meat and food processing company in the People's Republic of China, said that it has started to construct of a new cold-chain distribution center in Changge, Henan province, China.

The new distribution center will have a 25,000 square meter multi-temperature hybrid refrigeration facility, quality assurance centers, a fresh food processing and sorting plant, and other associated operations, according to Zhongpin.

The new center will provide processing, storage, and distribution services, and also will serve as platform for integration of clients' resources, to provide e-commerce, quality assurance, and exhibition services for Zhongpin and other third-party clients. This new facility will be part of Zhongpin's cold-chain logistics system.

Zhongpin said it will spend about $16.2 million on the new center, which should be completed and begin production in December 2010. The expected payback period for the new center is 5.8 years.

China-based Zhongpin is a meat and food processing company that specializes in pork and pork products, vegetables, and fruits in China. Its distribution network in the China covers 20 provinces plus Beijing, Shanghai, Tianjin, and Chongqing and includes more than 3,000 retail outlets.

Zhongpin's export markets include the European Union and Southeast Asia.

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