Cargill opens new feed plant in Nghe An
Cargill has officially opened a US$8.5 million (€7.62 million) animal nutrition plant in the Nghe An province in Vietnam. The new facility has a total capacity of 66,000 metric tons per year.
"Vietnam is one of our best performing markets in our animal nutrition business globally. This has been possible thanks to the hard work of our local Cargill team and by working very closely with the government, our customers and suppliers, the provincial authorities, and the farming communities around Vietnam. Our success in Vietnam is an invigorating story of how we are able to grow our business in a country, and at the same time contribute to the development of agricultural practices and improve the livelihoods of thousands of farmers," said Sarena Lin, president of Cargill's global feed and nutrition business.
Growth plans in animal nutrition
Cargill is on track with its investment strategy. The addition of a new production line in Dong Thap was completed during the first quarter of 2016 and construction of its twelfth animal feed mill in Binh Duong will be completed in the second half of 2017. The US$8 million (€7.17 million) expansion in Dong Thap increased production of specialty aquatic feed and enhanced Cargill's aquaculture animal nutrition offering in the country. The US$30 million (€26.89 million) facility in Binh Duong will have a total capacity of 260,000 metric tons per year and will incorporate the latest technologies currently available in the industry.
Continuation of investments
"In the face of a general slowdown in the Southeast Asia region, Vietnam's economy continues to perform very well and foreign investments along with exports are on the rise. The agricultural sector is currently suffering from a terrible drought, but in the long run, we, at Cargill, see good growth potential in the industry. We will continue to invest in our animal nutrition business and the opening of our plant in Nghe An is testament of our commitment," said Jorge Becerra, country representative and managing director of Cargill's feed and nutrition business in Vietnam.
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