China builds massive poultry feed mill in Bangladesh
One of China's largest animal feed producers, New Hope Group started
production at its newly built feed mill in Gazipur, Bangladesh earlier this
year. The plant has the capacity to become the largest in the
The New Hope Feed Mill is producing and selling poultry feed under its
brand "New Hope". It also intends to manufacture fish feeds.
At the same time, local competitors fear the entry of such a big
conglomerate into the local feed industry, saying it might drive small local
feed companies out of business. However agricultural analysts said it would
increase competition and help farmers get quality feeds at a competitive price.
"It will be tough for small scale manufacturers to survive in the business
as New Hope will enjoy low production costs due to large scale production," said
Moshiur Rahman, managing director, Paragon group, one of the country's biggest
animal feed producers.
Moshiur said the production capacity of New Hope will far outpace the
existing production capacity of many local manufacturers. The total production
capacity of our four feed mills is about 55 tonnes per hour while New Hope alone
will produce 30 tonnes per hour, said Moshiur.
owever, Shah Habibul Haque, in charge of Aftab's poultry and feed
businesses, is eager to compete. "We will be able to compete through our quality
and marketing efforts," he said.
The New Hope Group, which has businesses ranging from animal feed through
real estate to finance, has also invested in Vietnam and Philippines.
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