November 7, 2022
Pilmico establishing feed mill facilities in China and Vietnam next year
The Pilmico International Pte. Ltd., the international food subsidiary of the Aboitiz Group, is setting up new feed mill facilities in China and Vietnam in 2023 to solidify its vision to become one of Asia's leading integrated regional food and agribusiness companies.
"It is important we continue to grow our presence in the markets we are in. We are looking forward to do this via capacity expansions in China and Vietnam, which should be online in the fourth quarter of 2023," said Pilmico Foods Corp. and Gold Coin Group president Tristan Aboitiz.
Each livestock feed mill facility will have an additional capacity of 30 tonnes per hour (TPH), with completion slated in September 2023 for Vietnam and December 2023 for China, based on company filings.
The Gold Coin Group under Pilmico International currently has four operating livestock feed mills in China. In Vietnam, it has three operating livestock mills located in Hai Duong and Ha Nam in North Vietnam and Dong Nai in South Vietnam.
In September, GCMH exited Sri Lanka by selling its 100% equity interest in Gold Coin Feed Mills (Lanka) Ltd. (GCFL) to Glen Arbor Holdings (Singapore) Pte. Ltd. The divestment, which is expected to be completed by year-end, is aligned with the Aboitiz Group's direction to grow its animal feeds business in other parts of Southeast Asia and China markets, the company said.
The Gold Coin Group said it is pursuing fast-growing segments like aquafeeds and attractive geographies where it has a captive market and the ability to compete.
"In the regional feed business, we are continuously improving and enhancing the values of our products, which caters to a wide range of livestock, such as poultry, hogs, ducks, aqua, rabbits, gamefowl and pet food," Aboitiz said. "It is important we continue to grow our presence in the markets we are in."
Apart from putting up feed mills, Pilmico is also investing and expanding its research and development next year.
"Equally important is that we ensure we add value to customers through our products and services and we are giving this an extra level of focus in the group in 2022 through expansion of R&D capabilities throughout the region," Aboitiz added. "We believe this to be a growth area in 2023."
Aboitiz Group currently enjoys its position as the fourth largest animal feed producer in Southeast Asia based on internal market data on the capacities of major players within the market.
- The Philippine Star