CP Group expands business presence in Ningbo

In 2008, the company built a modern agricultural industrial park in Cixi city. In 2018, it partnered with Your Agricultural Company to invest 500 million yuan into the production of automatic breeding equipment.

The establishment of the intelligent agricultural research institute in Ningbo is an effort by CP Group to tap into smart agriculture, and it will strive to turn Ningbo into an international model for modern agriculture, said Wang Jinwen, who is responsible for the agriculture, husbandry, food arm of CP Group in China.

This year, Ningbo has seen a stable increase in foreign investment despite COVID-19. Official data from the Ningbo municipal bureau of commerce show that four Fortune Global 500 companies set up a business presence in the city, bringing the total number of overseas Fortune Global 500 in the city to 67.