Cargill completes USD 20m Vietnam plant expansion
Cargill’s animal nutrition business recently announced the completion of its USD 20 million (EUR 14.6 million) animal feed mill expansion in Vietnam.
The expansion increases the plant’s capacity by four times, from 60,000 metric tons (MT) annually to 240,000 MT annually.
One of eight compound feed mills in Vietnam, the expanded facility will enable Cargill to meet growing demand for feed from its customers in the country, the company said.
With the expansion, Cargill has invested more than USD 110 million (EUR 80.5 million) in Vietnam’s livestock and aquaculture industry during the last 10 years. It also brings Cargill’s total Vietnam production capacity to 1.4 million MT annually and creates 50 jobs in the area.
Cargill aims to reach a feed capacity of 1.5 million MT per year by 2015.
“Our investments demonstrate our confidence and commitment to the growth and future of Vietnam’s feed industry,” said Joe Stone, Cargill president. “Our aim in Vietnam is to create superior value for our customers by providing comprehensive animal nutrition solutions that leverage our global best practices and local market knowledge.”