Cargill to expand investment in Vietnam
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Cargill to expand investment in Vietnam

Posted by | 十一月 26, 2015 |

Talking to the press in Ho Chi Minh City on November 18, the US group’s Chairman David McLennan said plans for new factories demonstrate the group’s commitment to the country.

Cargill is constructing its 12th animal feed plant in Vietnam with a total investment capital of 30 million USD in the southern province of Binh Duong. The factory, with a capacity of 260,000 tonnes a year, is expected to go into operation in the first quarter of 2017.

The group has invested 180 million USD to develop its animal feed mills system with a total capacity of 1.3 million tonnes a year in the country since 1995.

Additionally, the groups signed a 10 million USD deal with the Sai Gon International Terminals Vietnam (SITV) to build warehouse in Phu My.

Besides expanding its investment in Vietnam, Cargill pledges to support farming households and small farms by providing them with training in animal breeding, thus preparing them for upcoming free trade agreements to which Vietnam is a member, including the Trans-Pacific-Partnership (TPP) agreement.

Michael Boddington from Asian Agribusiness Recruitment Training Development (AARTD) has been involved in agribusiness in Asia since 2000. AARTD has office both in Vietnam Ho Chi Minh City and China Beijing. So AARTD has a thorough understanding of the Vietnam and China agribusiness industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email: michael@aartd.com

Source: http://en.vietnamplus.vn/cargill-to-expand-investment-in-vietnam/84936.vnp

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