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Japan to build animal feed factory in VN ....
Japan to build animal feed factory in VN Published on : September 13th, 2011 |
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VGP - Sojitz Corp will team up with the Kyodo Shiryo Co., Japan’s top feed producer to establish a plant to produce animal feed in Việt Nam, starting in April 2013. The plant, to cost some 2 billion yen, will be built on the outskirts of Hồ Chí Minh City, which will turn out about 200,000 tons of feed mixture a year. The plant will be managed by a joint venture established by the two corporations, to which Sojitz takes a 51% stake and Kyodo Shiryo owns 49%. The joint venture plans to gradually build more facilities at the plant in a bid to raise the plant’s annual output capacity to 2 million tons by 2020 and make sales of roughly 80 billion yen a year. In Việt Nam, pork accounts for roughly 70% of all meat sales and the demand is growing. Demand for mixed feed is growing 10% a year. The Japanese companies plan to use Việt Nam as an export base to other parts of Southeast Asia./. www.news.gov.vn |
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