News last update:6 Aug 2012

Cargill builds feed factory in Vietnam

Cargill is building a US$6 million plant to make animal feed in Vietnam's central Binh Dinh Province. The factory, based in the Long My Industrial Park, will produce 60,000 tons of cattle and poultry fodder a year mainly for the local market. It will raise Cargill's output in Vietman to over 700,000 tons per year .

Cargill already has plants in the southern Dong Nai province, the Mekong Delta city of Can Tho, and Hung Yen province in the north and the new plant will take its investment in the country to over $80 million. It also plans to start construction of another factory, its sixth, in the southern province of Dong Thap this year.

Other plans
The company has proposed a plan to the Vietnamese government for buying cocoa beans from farmers and providing them with farming technologies. It will set up two cocoa buying centers in Dak Lak Province in the central highlands and the southern province of Ben Tre where cocoa is cultivated. The company is also seeking the go-ahead to set up a distribution offshoot in Vietnam to supply agricultural-based products. It hopes to sell livestock feed, farm products, fertilizers, and materials for chocolate manufacturing.

Cargill, which now operates through its representative office here, has a presence in 66 countries and annual revenues of $66 billion.

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