Aboitiz Foods has made a multimillion-dollar investment into its newly inaugurated feed mill in Long An, Vietnam.
The $45 million investment is the company’s largest in Vietnam to date with the new facility expanding its footprint in Vietnam and Southeast Asia.
The Gold Coin Long An Feed Mill spans 3.8 hectares and features cutting-edge Industry 4.0 technology and a modern laboratory, capable of producing 300,000 metric tons of livestock and animal nutrition feed annually.
The Long An facility replaces the Dong Nai mill and will work in combinaton with Aboitiz Foods’ existing operation at Binh Duong. The combination of Long An and Binh Duong means the company’s total feed production capacity in Vietnam is 1.1 million tonnes.
Tristan Aboitiz, president and chief executive officer of Aboitiz Foods, said the new facility will help the company cater to the “growing demand” for animal nutrition in southern Vietnam.
“This inauguration is a significant milestone not only for Aboitiz Foods and our Gold Coin Feed-Agribusiness Division but the entire Aboitiz Group,” he said.
“Vietnam is a key market of ours and this new facility reinforces our strong position in the country and marks a significant step in building our regional feed platform.”
The Long An facility is located in close proximity to a long river route which has a private port. The location improves food supply and safety chains for central, southern, and Mekong Delta provinces.
“This state-of-the-art facility embodies our commitment to Vietnam and the region,” said Eric Nojac, business chief executive officer of Aboitiz Foods.
“Through this feed mill, we will continue to lead in the agribusiness space, delivering top-quality products and solutions that contribute to the country’s progress and prosperity.”