Cargill plans to open a US$28 million new animal nutrition plant in the South of Vietnam in Q4 this year to meet growing demand from livestock and aquaculture farmers.
The US company announced this information at the ceremony of 25th anniversary of its establishment on December 9 in Hanoi. The new facility will be equipped with state-of-the-art technology, focusing on specialty nutrition and premix products to serve Vietnam livestock and aquaculture farmers with a broad range of animal nutrition offerings.
It is the 12th plant of the foreign-invested enterprise in the country, besides two technical application center, one grain & oilseed warehouse during 25 years of its establishment.
Speaking at the ceremony, Mr. John Fering, Managing Director of Cargill animal nutrition in Thailand and Vietnam, said: “We will continue to make investments that advance Vietnam communities, create a brighter future for Vietnam’s next generations and help us deliver for Vietnamese customers, through quality animal nutrition and health innovations.”
The investment demonstrates its commitment to the development of Vietnam’s agriculture sector. “We are optimistic about the future for Cargill and for the farmers and communities across the country,” Mr. Fering said.
To date, Cargill has invested more than $160 million in Vietnam to build eleven animal nutrition plants, one grain and oilseed warehouse and two aqua technology application centers for fish and shrimp. The company employs approximately 1,500 people and has trained 1.7 million farmers on health care, nutritional knowledge and best practices in farm management in Vietnam.
The anniversary is also marked by Cargill’s completion its 100th school, built as part of the company’s Vietnam School Building Project which was created in 1996 to support the local community through education.
The 100th school, which is Van Thanh primary school, Yen Thanh district, Nghe An province, will be inaugurated on December 11, 2020.
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Source: Vietnam Insider