Frontmatec has successfully completed the acquisition of Jining Xinglong Food Machinery Manufacturing Co. Ltd., which was announced on November 23, 2017. Xinglong is a leading supplier of equipment to the red meat industry in China and will play an integral part of the future ambitions for growing the Frontmatec presence in China.
China is the world’s single largest market accounting for approx. 50% of all pigs slaughtered globally. The market is expected to experience strong growth going forward driven by i) an increased demand for more automated and high speed solutions and ii) an increased focus on food safety.