Cargill to build new feed mill in Vietnam
Cargill announced several significant investments to grow its presence in Vietnam. These plans include a new US$30 million animal feed mill in Binh Duong province and a US$10 million agreement with Saigon International Terminals Vietnam for dedicated grain and oilseeds warehousing facilities in Phu My.
The new animal feed mill in Bihn Dong will be operational in the first half of 2017 and will have a total capacity of 260,000 metric tons per year. It will incorporate the latest technologies currently available in the industry and will bring Cargill's total number of animal production facilities in Vietnam to 12.
Construction of feed mill
In October 2015, Cargill announced the construction of an animal feed mill in Nghe An – which will begin operations in the first half of 2016 – and a US$7 million expansion of its existing feed mill in Dong Thap. The company currently has 10 animal feed mills that produce compound feed for livestock and aquatic species, and 1 facility in Dong Nai that produces premix animal nutrition ingredients to feed manufacturers and vertically integrated producers.
Agreement with Saigon International Terminals
The agreement with Saigon International Terminals Vietnam entails 80,000 metric tons of warehousing facilities at the SITV port in Phu My. This will facilitate the storage and distribution of grains and oilseeds for Cargill's customers, giving those customers a distinct competitive advantage. The main grain and oilseed products Cargill supplies to its customers in the country – including animal feed producers, integrated fish processors, food and beverage manufacturers and flour millers – are soy bean meal, wheat and sugar, as well as corn, copra meal and canola meal.
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