DayNews,Staff Reporter : Chinese investment plays a major role in the agriculture-based economy of Bangladesh. Due to the strong friendly relations between China and Bangladesh, China continues to invest significantly in various sectors of the country.
The investment of the Chinese company New Hope Liuho is one of them. The company has been making significant contributions to the country’s animal husbandry and fisheries sectors through investments.
New Hope Feed Mill Bangladesh Limited located in Gazipur, under the overall supervision of a group of Chinese experts, has already brought hope to the livestock, poultry and fisheries sector by producing quality raw materials and feed using advanced modern technology by skilled and trained workforce.
It is making an important contribution to the economic growth of the country. Originally, New Hope Liuho was established in 1982 (listed in 1998), China’s largest listed company in agriculture and animal husbandry, has been investing and doing business in more than 20 countries around the world, including Bangladesh, Nepal, Indonesia, Philippines, Vietnam, Singapore, Egypt.
Their total workforce is 82 thousand. New Hope is involved in feed production and trading in 7 regions including several countries.
The Bangladesh region includes New Hope Feed Mill Bangladesh Ltd., New Hope Animal Nutrition Bangladesh Co. Ltd., New Hope Agro Business Nepal Pvt Ltd. and New Hope Lanka Ltd.
New Hope Farms Bangladesh Ltd. also has the world’s leading incubation and five breeder farms in Mymensingh. New Hope Bangladesh region has a total of 50 Chinese workers and more than 700 local workers.
Chinese expert He Quan Shui continues to serve as the president of Bangladesh region (Bangladesh, Nepal, Sri Lanka).
New Hope Feed Mill Bangladesh Ltd. in Gazipur under Bangladesh Region has a smart professional Chinese management team with Zhou Yushen as Deputy General Manager and Siyuan Li as Department Head in HR & Administration Department. Who are well versed in practical feed production and international management.
They lead more than 250 Bangladeshi workers here and are active in producing quality feed. The factory was established in 2006 but production started in 2008. Spread over an area of 8.23 acres, the feed mill has an annual production capacity of 276 thousand metric tons.
The amount of investment is 12.33 million dollars. A recent factory inspection of the feed mill revealed that quality control is being carried out at every stage of production, including raw material collection. The fully eco-friendly factory has strict safety and fire fighting arrangements for the workers.
Every employee here is friendly. They are always working in a safe and friendly environment.
The factory has a well-equipped chemical laboratory and bio-lab. The New Hope brand has become widely popular among local traders, farmers and marginal farmers due to the superior quality and affordability of the more than 30 products manufactured in New Hope’s factories.
New Hope authorities are constantly providing training, advice and guidance to businessmen, farmers and farmers. As a result, farmers are seeing more profit in livestock, poultry and fish farming. They are supplying these locally produced agricultural products to different parts of the country.
As New Hope’s feed is more profitable, prosperity has returned to many impoverished families. Some have built cattle ranches, poultry farms and fish ponds on waste land. As a result, a revolutionary change has been achieved in the field of agriculture. On the other hand, the Chinese company New Hope is also progressing successfully by increasing its production capacity in Bangladesh.
He Quan Shui, president of New Hope’s Bangladesh, Nepal, Sri Lanka region, said in a private interview, New Hope has been investing in Bangladesh since 2006 and I started my career in Bangladesh since 2008.
At present we have four companies in Bangladesh which are running well and have made significant progress with the support of the government, embassies and local people. We would like to express our great gratitude for this.
Currently our feed production capacity in Bangladesh is 480,000 thousand metric tons per annum. Its quality has been widely recognized by the local people of Bangladesh.
In the meantime we have arranged continuous training for our local employees, sending staff to China to learn EMBA courses. We emphasize product quality through production process management.
So our products have received good and great response from the market and especially from the farmers. I believe the above result comes from our advanced management system.
He also said, another thing is our contribution to social responsibility. We have donated some medical equipment, masks and some medicines to the society during the last two years of epidemic. At the same time, I have given some help to some schools. Additionally we have worked hard to help some of our farmers.
He said, conducting this training with Asian Development Bank (ADB) and training local farmers together. Mentioning that 2 thousand 415 people have been trained, he said, our target is to train 7 thousand 200 people
He expressed optimism that through our services and product quality for farmers, we can develop or help the local feed industry. On the other hand we actively take social responsibility and contribute to the society.
He also said that he has donated medical devices, masks and medicines to hospitals and aided schools during the pandemic. He said, I have been in Bangladesh for fifteen years.
To be honest, Bangladesh is my second home and I am almost a Bangladeshi. Based on that I think the biggest problem that concerns us at present is insufficient investment in breeding in Bangladesh.
Many people’s chicken houses or breeding conditions are still backward compared to Indonesia and other developed countries. This backwardness will create difficulties in disease prevention and management. We need to improve this aspect.
According to him, like the 2023 bird flu, it will be very difficult for farmers to control it once it comes. However, chicken farms in China or other developed countries have a much stronger ability to control flu.
The current reproductive situation in Bangladesh has made it more difficult to control. We thought of many methods and sent dozens of vets from our four companies to the front line. However, we are yet to solve all the problems or risks posed by farmers.
This is the first problem. Second, we have faced some challenges recently. Due to the increase in interest rates in the US dollar, foreign exchange is relatively weak and we still have some difficulties in acquiring foreign currency and purchasing raw materials.
We at New Hope have a distinct advantage when it comes to purchasing raw materials in the international market. But without US dollars (individual raw materials) can only be bought locally and the price has to go up. So the cost will be higher.
And the third aspect is that there have been some losses in certain areas and individual products in the last two years and common people are struggling with their capital. There are some difficulties so this is a challenge for us.
He noted that New Hope does its best to help customers with financing and some funding. Help consumers raise chickens well with financial support so they can reduce losses.
On the other hand, he also said, since New Hope came to Bangladesh in 2006, we have been strictly following the laws and regulations of Bangladesh for our management and requirements including some taxes. We conduct audits in full compliance with international tax legislation.
Our (Bangladesh) animal husbandry system, especially the Animal Husbandry Bureau, has given us a lot of training and guidance to help us, allowing us to regulate ourselves and the entire industry strictly according to the law.
in the country so that we can achieve better results in the long run. He said, we fully comply with the local government in terms of laws and regulations.
Siyuan Li, Head of Administration and Human Resources Department of New Hope Bangladesh highlighted the significant contribution of the company and said that after New Hope entered Bangladesh in 2006, it has become a large and powerful group of six companies across Bangladesh, Nepal and Sri Lanka.
We always keep in mind the corporate culture of the company and continuously upgrade the product formula, considering the product quality. We are determined to enrich the agriculture and animal husbandry industry.
Our slogan is “profit for farmers, profit for food”. We consider product quality as important as life itself. Noting that the company is making a significant contribution to the local economy, he added,Safety and quality of New Hope Produced Feed and Day-Old Chicks (DOC) products have set benchmarks in the agricultural sector in Bangladesh leading to overall quality improvement.
New Hope is playing an important role in uplifting industry standards and skill development in Bangladesh. He said the company furthered its commitment to industry excellence and trained numerous agricultural professionals in the country.
Establishing a comprehensive meat and food company in Bangladesh that reflects the commitment to build an integrated industrial chain for sustainable business development.
He expressed optimism that New Hope Bangladesh is poised to shape the trajectory of Bangladesh’s agricultural landscape with quality, safety and extensive industry engagement efforts continuing its journey of growth and collaboration.
Mohammad Zahidul Islam, Deputy General Manager of Supply and Marketing Department of New Hope Feed Mill praised the relevant Chinese expert team and said,With their technical expertise and friendly sincerity, New Hope has reached a point where we are number one in terms of product quality and service and will continue to be number one globally.
Md Riyad Mia, deputy manager of the feed mill, said that the Chinese workers of New Hope, a well-known company in the world, are providing the highest service by adapting to the culture and environment of Bangladesh. As a result, New Hope is playing a leading role in the development and prosperity of livestock, poultry and fish industries.
On the other hand, Assistant Manager of Administration and Human Resource Department of New Hope Feed Mill, Md. Rajibul Haque said, New Hope, a Chinese company with 100% investment in international standards, always believes in producing the highest quality products, ensuring the safety of employees and achieving goals.
New Hope Feed Mill has a chemical and a bio-lab. Faizar Rahman working in the chemical lab told the media that we try to get good quality raw materials. In this lab, the raw materials are tested throughout the day.
Whether production feed quality is intact and marketable. Due to these various reasons, good quality feed is produced from New Hope.
On the other hand, there are two doctors and one lab assistant working in the bio-lab of the first established company in the private sector. Bio-Lab provides services like improving animal health in Bangladesh, diagnosing poultry diseases.
Dr. Rabeya Sultana Soma, who works in the lab, said that by collecting samples from the farmers and doing all the tests including microbiological lab tests, disease outbreaks and quick remedy suggestions are given. As a result they are benefited by getting proper
Md. Mostafizur Rahman, the owner of Rafin Poultry Feed located in the neighboring Lohagach area, highlighted such positive experience. At present there are 40 thousand chickens in his farm. He has been getting the support of New Hope in all areas from chicken rearing and training to disease prevention.
After taking over the dealership in New Hope 20 years ago, he has made promising progress. He has set an example in the area by selling 200 tons of products per month, selling chicken and chicken eggs and providing bio-gas produced from chicken droppings.
And this is possible thanks to New Hope Feed Mill. Not only Mostafizur Rahman, dealer Rashed Kabir Rohel of Trishal region of Mymensingh and Mo Mazharul Islam, dealer of Valuka region also highlighted the positive aspects of New Hope.
According to them, the Chinese company New Hope is providing good products and good service. Which is not possible to get from many domestic companies. On the one hand, they are making business progress, on the other hand, poultry and fish farmers are also seeing substantial profits and are becoming economically independent.
It is evident from these success stories that New Hope is contributing to the economic growth of the country, including the agricultural sector. Chinese company New Hope has been focusing on developing various sectors including feed production, breeding, meat products, financial investment and trade.
Listed on the Shenzhen Stock Exchange in March 1998, New Hope Liuho Company is a dynamic enterprise in the agriculture and animal husbandry industry. Meanwhile, the company is playing an important role in the agricultural sector and economic growth of Bangladesh.
Has grown into a vast network of over 500 subsidiaries with a dedicated workforce. New Hope Liuho has been awarded various international awards in recognition of its work.