MLBA11: October / November 2009

 

Updates on...

 

Thailand's CP invests US$88 million on new plant in Vietnam

 

 

Sarasin Viraphol, the group's vice chairman, said the investment plan will include feed­mill, integrated chicken business from farm to proc­essed foods.

 

Sarasin said food production in the country has a bright future as CP Group has advanced technology for food safety standards compared with local inves­tors.

 

Meanwhile, pursuing its strategy of entering the Middle East market, the company has set up a spe­cial committee to study the possibility to increase ex­ports to the region.

 

 

Vietnam's Minh Phu Seafood tops shrimp exports

 

 

Of the value, MPC earned US$32.15 million from shrimp export to the US, followed by South Korea with US$6.75 million, Canada with US$6.5 million and Ja­pan with US$5.42 million, the department said.

 

In the first six months this year, the Ca Mau prov­ince-based seafood producer made a net profit of VND92.8 billion, compared with a loss of VND119.638 billion a year ago.

 

  

 

 

Sanovo Engineering, based in Denmark, special­ises in areas such as egg breaking and processing equipment for the egg processing industry.

 

Sanovo chairman Thor Stadil said they are keen to replace energy-intensive processes with enzyme-driven processes.

 

DSM is involved in the development, production and formulation of enzymes for the food industry, in­cluding egg processing enzymes, offering a range of products and solutions from advance nutrition, to reli­able diagnostics, innovative tests and state-of-the-art processing enzymes.

 

 

 

Through improvements to the process engineering and information technology that cost about US$6 million, the plant's annual produc­tion capacity has risen by 37 percent to reach 81,760 tonnes from the original 59,760 tonnes. This increase in capacity will help to support Zhongpin's expansion into new markets for its chilled and frozen pork prod­ucts.

 

With the upgrade of the Changge plant, Zhongpin has ended the lease of a plant in Hengshui, Hebei province.

 

Meanwhile, this upgraded Changge plant and the new plant in Tianjin which is currently under construc­tion will assist Zhongpin to better serve its important northern China market including the affluent cities of Beijing, Tianjin and Tangshan.

 

 

 

The company has projected combined revenues of US$28.7 billion, beating Tyson's US$28.1 billion registered in 2008, JBS chief executive Joesley Men­donca Batista said.

 

It also announced that US chicken processor Pil­grim's Pride Corp. had accepted its bid for control of the company. Pilgrim's Pride had agreed to sell 64 percent of new common stock to JBS for US$800 mil­lion cash, and the deal will total US$2.8 billion once the debts of the bankrupt company are included.

 

The Pilgrim's Pride deal is the company's first ma­jor experience with poultry, but the deal makes it the world's No. 2 in the sector.

 

Investors applauded the moves, highlighting syn­ergies the deals offer, the heft to take on global com­petitors in pork and poultry businesses and the finan­cial solidity that the merger with Bertin will bring.