Cargill acquires Vietnam shrimp feed mill
Cargill Vietnam on Monday completed its purchase of a shrimp mill feed located in Ho Chi Minh City. The sale gives Cargill full ownership of the mill and is the company’s first investment in Vietnam’s shrimp feed industry.
Constructed in 2008, the mill is strategically located close to some of the largest commercial shrimp farms in Vietnam. Cargill expects to begin producing shrimp feed for commercialization within two to three months after making additional investments in the mill.
“Shrimp farming is a growing industry, and this mill is a good complement to our existing feed business in Vietnam. It allows Cargill to quickly enter the shrimp feed manufacturing market in Vietnam with significant capacity and to begin to service shrimp producers,” said Pedro Curry, Cargill general manger for aquaculture in Vietnam. “We look forward to expanding our business and to working with Vietnamese shrimp producers and helping them succeed.”
“We are excited to be bringing our best technology to Vietnamese shrimp producers,” added Hoang Thong Thai, Cargill shrimp national sales manager. “Shrimp growers will be able to rely on Cargill to supply them with high-quality, top formulated and best-of-class manufactured nutritional solutions and technical services.”