China buys us major ham poducer7/1/2023 Shuanghui subsidiary Henan Shuanghui Investment & Development Company Limited ( SZSE: 000895) was established and listed on the Shenzhen Stock Exchange in 1998. In 1994, the venture was consolidated as Shuanghui Group. Later that year, Shuanghui formed a joint venture with 16 institutional investors from six countries. The company introduced its first branded meat product to the market in February 1992. In 1992, sausage sales fueled the expansion of the company which in turn resulted in investors from six countries founding Shuanghui International. In his first year, he turned around a struggling company, bringing it from a net loss to a net profit of 5 million yuan ($1.7 million). Under Wan, the company has expanded aggressively. Wan Long joined the plant in 1968, and became the plant's general manager by 1984. Shuanghui was founded by the Luohe municipal government in 1958 with a single processing plant. The company employs approximately 101,000 employees as of 2019, and is 30% employee-owned. As of May 2013, Zhijun Yang is the managing director. The company holds more than 500 patents and produces 1,000 products. It slaughters more than 15 million pigs a year, but only raises about 400,000 the rest are purchased from suppliers. Shuanghui has 13 facilities that produce more than 2.7 million tons of meat per year. Sullivan, the president and chief executive officer of Smithfield Foods, became an executive director of WH Group in January 2016. Wan Long is the chairman and chief executive officer of WH Group. In 2021, WH Group ranked 3rd on FBIF's Top 100 Chinese Food & Beverage Companies list. It is the largest meat producer in China. Sometimes also known as Shineway Group in English-speaking countries, the company's businesses include hog raising, consumer meat products, flavoring products, and logistics. WH Group ( Chinese: 万洲国际 pinyin: Wànzhōu Guójì), formerly known as Shuanghui Group ( Chinese: 双汇集团 pinyin: Shuānghuì Jítuán), is a publicly traded Chinese multinational meat and food processing company headquartered in Hong Kong. Shuanghui ham sausages manufactured by Henan Shuanghui Investment & Development
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