InVivo constructs river loading dock for Vietnam plant
InVivo NSA has inaugurated a new river loading dock on the Mekong Delta for its Dong Thap plant in Vietnam.
This new strategic investment will enable the company to accelerate its business development in Vietnam in the Mekong region and develop its export business in Cambodia and Laos.
This investment of two million Euros (one Euro = US$1.24) complements Dong Thap's ultra-modern complete feed plant (for swine, poultry, and ruminants) commissioned in January 2013 following an investment of over 7.5 million Euros. This plant, with a production capacity of 250,000 tonnes, has advanced equipment to meet the high regional demand for complete feed.
The river loading dock will improve the plant's supply of raw materials and reduce product delivery costs through the use of barge transportation. It is the first complete feed plant in the region to be equipped with this type of facility which allows the use of the Mekong Delta's 25,000-kilometre natural river network and arroyo system. This new dock will help the company develop product exports to Cambodia and Laos via river transportation.
The inauguration was attended by Ba Le Thi Kim Tuyen, President of the Communist Party of the Chau Thanh District; Huynh Van Thong, President of the Chau Thanh District, and Pham Van Tong, Deputy Director of the Department of Transportation/Logistics of the Province of Dong Thap, who have all supported the company's projects in the region for many years.
Asia is one of the company's three priority investment areas, along with Latin.
America and Africa, and currently represents 11% of its total turnover. This ambition is explained by the strong development potential of the area: the growing diversification of demand for animal protein combined with strong population growth expected in the region in coming decades.
In order to further develop growth, InVivo NSA has defined a ten-year development programme for Asia. This plan is based on the establishment of a regional Asian platform in Vietnam. In particular, this will result in the progressive deployment of the company's five activities - complete feed, premix, additives, analysis laboratories, and animal health; an intensification of export activity in Laos and Cambodia, strengthened analytical laboratory activity, and a continuation of targeted location strategy, with the opening of a subsidiary in the Philippines and a sales office in Cambodia this year.
In addition, the company will be developing its complete feed business, with four factories in Vietnam and two in Indonesia.
InVivo NSA's has operated in Vietnam since 1994 and is a major player in the country's.
