To sustain its fast growth in the country, Alltech has announced that it is opening its first office in Phnom Penh, Cambodia.
Over the past 12 months, Alltech's business in the country has jumped 33%. The Cambodia team will be led by Channarith Ky, who has more than 20 years of experience in agriculture as a business director and nutritionist.
Over the past five years, Cambodia has experienced the largest percentage of growth in GDP among Southeast Asian countries. Matt Einarson, regional director for Alltech in Southeast Asia, sees the development as an opportunity.
"Cambodia's agriculture sector is teeming with potential," said Einarson. "What's needed now are the right nutritional technologies and on-farm services to help livestock producers improve profitability and efficiency."
Alltech already works with producers in Cambodia, supporting them with Alltec's proprietary acidifiers and organic trace minerals but establishing a base in the region will position the Alltech team to become a stronger local partner. Domestic feed production has doubled in tonnage since 2013 and it is expected that it will double again within the next three to four years as Cambodia's agriculture sector becomes increasingly self-sufficient.
Livestock numbers have also grown significantly. Swine and poultry are the strongest species sectors, with more than 27 million poultry and nearly 2.5 million pigs raised in the country.
Alltech serves customers in more than 120 countries. Asia, in particular, has seen increased investment by the company, with its most recent market being Mongolia.
Alltech Official Website: www.alltech.com