CP expands in Vietnam with more feed plants
Thailand's largest agricultural conglomerate, the CP group, which currently has five animal feed factories in Vietnam envisions doubling its total there by 2014.
"We want 10 plants in Vietnam by 2014," says Jittisart Jittiloet Sakulchai, the general manager of CP Vietnam Livestock Corporation, adding that the cost of all six planned new factories will be less than for the first four due to smaller capacity. "We've earmarked US$37 million for 2012, $60 million for 2013 and $70 million for 2014," he says.
The CP Group has been present in Vietnam since April 1992. The goal is to have plants in each area of the country allowing more efficient access to raw materials and customers in remote locations, reducing transport costs.
With feed production such a main focus of the group, the new factories will be made as high-tech as possible, Jittisart added.
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