Sichuan Tequ Group, a Chinese company, started production of animal feed in Vietnam's northern Bac Giang Province this month. The largest Chinese-funded feed manufacturing operation in Vietnam
Khu Hope Feed Company, the first feed company invested by Tequ Group in Vietnam, with the investment of $10 million and an annual output of 400,000 tons, is currently the largest Chinese-funded feed manufacturer in Vietnam.
Wang Degen, president of Sichuan Tequ Group, said the operation of the Khu Hope Company made a very good start in the group's business in Vietnam. Tequ Group will take advantage of the rich local resources and other favorable conditions to improve the investment in Vietnam and achieve the group's strategy of a complete livestock and aquiculture, feed production and food processing chain in Vietnam by 2020.
The group plans to construct seven more feed manufacturers, two breeding pig farms and two breeding poultry farms in Vietnam during 2012-2017, bringing the group's annual sales to 2.8 million tons, annual production value to $3 billion by 2020, according to Wang.
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