May 31, 2012

Betagro to put up new Thai animal feed complex

Betagro Group is seeking to put up a new animal feed plant in Thailand's province of Lop Buri.

The project is part of Betago's THB3 billion (over EUR75 million; US$93.29 million) expansion plan of its food processing business this year.

The construction of the feed mill will be completed in the third quarter of this year. The output is split evenly between Betagro and outside customers.

Sales of Betagro Group this year are expected to reach EUR1.7 billion (US$2.11 billion), up from EUR1.5 billion (US$1.87 billion) last year. Of the total, about 70% will come from the domestic market and the balance exports.

For overseas markets, about 55% of the products are exported to Europe and the remaining 45% to Japan.