(In MARCH 4 story New Hope corrects to say daily crushing
capacity 5,000 tonnes, not 50,000 tonnes, paragraph 2)
BEIJING, March 4 Chinese agribusiness group New
Hope plans to build its first soybean crushing plant
in China's Hebei province in a joint venture with Cargill
, its chairman Liu Yonghao said on Saturday.
New Hope and provincial state companies will own 51 percent
of the project, which will have a daily capacity of 5,000
tonnes, while U.S. commodity merchant Cargill will hold the
remaining 49 percent, he said at a briefing.
China is the world's top soybean buyer.
Liu has built New Hope from a small chicken farm into the
country's top animal feed producer, with businesses extending to
banking and property and annual sales topping 90 billion yuan
(Reporting by Hallie Gu; Writing by Josephine Mason; Editing by