October 24, 2018

CJ completes 6th feed plant in Vietnam

CJ CheilJedang announced on October 22 that it had recently completed a feed plant in Binh Dinh in Vietnam's South Central Coast region, Business Korea reported.

CJ has invested US$13.6 million to build its 6th feed plant in the country, which can produce 72,000 tonnes of feed for cattle and swine annually.

In January this year, the company completed the Ha Nam plant, its fifth feed mill in Vietnam.

The two new plants raise CJ's feed production capacity by about 400,000 tonnes to a total of 1.3 million tonnes per year.

CJ has since built its plants in the northern and southern parts of Vietnam where there is a relatively high level of economic development and high demand for feed.

However, as feed demand is expected to grow rapidly amid sustained economic growth in Vietnam, the company has built a new plant in the central region.

"Binh Dinh is the centre of livestock feed and the food industry in central Vietnam," a CJ official said. "The province has great geographic advantages as it is close to a port and is the gateway to neighbouring Laos and Cambodia."

CJ is planning to strengthen its distribution capability by expanding the number of freight stations in southern Vietnam and build its own slaughterhouse to expand the infrastructure for its operation from swine production to slaughter, processing and sale.

CJ established its Southeast Asia R&D center in 2013 to develop products tailored to local demand. It set up its first plant in 2001.