ABOITIZ Foods has inaugurated another feed mill in Vietnam, the company’s largest investment in the country to date at $45 million.
“This inauguration is a significant milestone not only for Aboitiz Foods and our Gold Coin Feed-Agribusiness Division but the entire Aboitiz Group,” Aboitiz Foods President and Chief Executive Officer (CEO) Tristan Aboitiz said in a statement on Thursday.
“Vietnam is a key market of ours and this new facility reinforces our strong position in the country and marks a significant step in building our regional feed platform,” he added.
The Gold Coin Long An Feed Mill spans 3.8 hectares and is said to be capable of producing 300,000 metric tons (MT) of livestock and animal feed per year.
The state-of-the-art facility replaced the Dong Nai mill and will complement the fully operational Binh Duong plant, Aboitiz Foods said.
It will bring the company’s total feed production capacity in Vietnam to 1.1 million MT.
Aboitiz said the new facility would play a crucial role in meeting the growing demand for high-quality animal nutrition in southern Vietnam.
The feed mill will also facilitate efficient trade of finished goods and raw materials as it is strategically located near a long river route with a private port.
Additionally, it will reduce customers’ time and costs, and enhance food supply and safety chains for central, southern and Mekong Delta provinces.
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