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.
Related website:
Cargill
Related
news item:
Cargill wants to enter Vietnamese market
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