calendar>>June 9. 2011 Juch 100
Unphung Joint Venture Company
Pyongyang, June 9 (KCNA) -- The Xinhua News Agency of China on Monday carried an article titled "The Unphung Joint Venture Company, product of China-DPRK economic cooperation". The article was dedicated by Xinhua correspondent to Pyongyang Zhang Li.

The article said that at the working place of the company the reporter witnessed feed additives being steadily churned out after going through several production processes and workers doing mixing, packing and other work in good order.

The domestic demand for "Unphung" brand additives has risen in state stock farms and other units in different parts of the country.

The production started from 2006 and the DPRK side holds 45 percent of its shares while the Chinese side 55 percent.

The annual production capacity of the company is 30,000 tons and it produces 43 kinds of additives of seven series for pigs, cows, poultry and fishes.

Its total property stands at over 21 million RMB.Y and in 2006-2011 period it earned revenue valuing at 15.21 million RMB.Y.

The DPRK party and state have paid deep attention to the feed-making industry as it is related with improving the standard of people's living. The company, therefore, has bright prospect of development and the production has gained dynamism. The business is now going full steam ahead and the enthusiasm of its employees run high, bringing greater profits.

The successful management of the company steadily improves its image while its products are winning ever-growing popularity in the DPRK.

The Chinese director of the company said that the business boom is unthinkable apart from the steady development of the China-DPRK economic cooperation. He stressed that the company intensifies the formation of sales network in conformity with growing competition and plans to build a breeding ground and a pulverized fish production shop.

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