Cargill expands investment in Vietnam

By Eleanor Mackay

- Last updated on GMT

Related tags: Livestock, Investment

Animal feed giant Cargill Animal Nutrition has completed a US$20m expansion on a feed plant in Vietnam to keep up with rising demand for meat in south-east Asia.

The plant, in the Binh Dinh province in north-east Vietnam, has expanded from 60,000 tonnes (t) per year to 240,000t per year. Cargill already employs 1,100 people in the country across 15 different locations and the expansion will create another 50 jobs.

"Our investments demonstrate our confidence and commitment to the growth and future of Vietnam’s feed industry,"​ said Joe Stone, president, Cargill. "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. Also, we continually invest in our capabilities to ensure our customers always have unique and proven solutions that help them make the right business decisions."

The animal feed market is growing substantially in Vietnam, with Cargill leading the way. The company has invested nearly US$110m over the past 10 years in the country’s livestock and drink industries.

"The expansion of our Binh Dinh plant will allow us to serve our customers in Vietnam even more effectively, so we can deliver the right products, expertise and capabilities to them as quickly as possible and support faster business growth,"​ said Jorge Becerra, managing director for Cargill in Vietnam.

Additionally, throughout its work in the country, Cargill has provided training in animal husbandry – through farming workshops – to more than 1.5 million Vietnamese.

Related topics: Meat

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