July 5, 2012
Long Hai to build a new feed processing plant
Long Hai Joint Stock Company in Binh Dinh, Vietnam is constructing a new feed processing plant, along with distribution warehouse for fertiliser exports of agricultural products.
The plant will be built on an area of 30.8 hectares at Nhon Hoa ward, An Nhon town, with a total investment of VND530 billion (US$25 million), is expected to have a capacity of 65,000 tonnes per year. Currently, the land is being levelled in preparation of construction works beginning. It is planned that the feed plant will go into production in the first quarter of 2013, employing approximately 500 workers in total.
In addition to the plants mentioned above, this year investors to the region have also committed to starting construction of two more livestock feed plants in the Binh Dinh province.
The first one is a feed mill by CP Vietnam, to be built on 14.6 hectares in area of Nhon Hoa Industrial Zone, An Nhon town. The feed mill will have a production capacity of 216,000 tonnes per year, with total investment of the project more than VND416 billion (US$20 million). The plant is expected to start construction late in the second quarter of this year and be in operation by early third quarter, 2013, employment to be provided for approximately 200 workers.
CP Vietnam currently operates five feed plants in the country and has plans to double that by the year 2014. The CP Group is Thailand''s largest agricultural conglomerate, and has had a presence in Vietnam since 1992.
A new feed mill is also planned by Chinese company, New Hope, which is to be built on an area of 4.3 hectares also at Nhon Hoa Industrial Zone, An Nhon town. Planned production capacity is 100,000 tonnes with a total investment of more than VND84 billion (US$4 million). The feed processing plant will also begin construction at the end of the second quarter of this year and expected to be in operation in the second quarter of 2013. The feed mill will employ about 150 workers.
New Hope is Chinese largest feed producers, with annual sales of around US$8.8 billion, it operates agribusiness in China and abroad with more than 400 subsidiaries and over 80,000 employees. They set up their first overseas plant in Vietnam in 1999, and have announced that they plan to build a further six feed mills in Vietnam in the coming years.