Cargill has announced plans to construct a new US$30mn animal feed mill in Binh Duong province
The company has announced that the new animal feed mill, which will have a total capacity of 260,000 mt per year, will be operational in the first half of 2017. According to the company, the need mill will incorporate the latest technologies currently available in the industry. This will be Cargill's twelfth animal production facility in Vietnam.
Cargill has also announced a US$10mn agreement with Saigon International Terminals Vietnam for the development of dedicated grain and oilseeds warehousing facilities in Phu My. The agreement entails 80,000 mt of warehousing facilities at the SITV port in Phu My for the storage and distribution of grains and oilseeds for Cargill's customers. The main grain and oilseed products the company supplies are soy bean meal, wheat and sugar, as well as corn, copra meal and canola meal. It caters largely to animal feed producers, integrated fish processors, food and beverage manufacturers and flour millers.
Apart from this, Cargill has also announced several significant investments in the country’s feed sector. The company’s new animal feed mill in Nghe An is set to begin operations in the first half of 2016. A US$7mn expansion of its existing feed mill in Dong Thap, is also in the pipelines. The company currently has 10 animal feed mills that produce compound feed for livestock and aquatic species, and one facility in Dong Nai that produces premix animal nutrition ingredients to feed manufacturers and vertically integrated producers.
