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RICHI Machinery signed a contract with New Hope Liuhe Co., Ltd. on September 26, 2019 to build a 180,000-ton/year ruminant feed mill in Bayannaoer Economic and Technological Development Zone. The project has a total investment of about 120 million yuan and is planned to start construction in November 2021.
Xinyu Hengqing Feed Co., Ltd. broke ground on a 600,000-ton pig stock feed mill project in Xinyu, China, with a total investment of 120 million yuan (US$18.84 million). Richi Machinery is supplying the fully automated processing equipment. The first phase is expected to be completed in June 2018 per contract, but possibly earlier in August 2017.