C.P Vietnam welcomed Vietnam Permanent Deputy Prime Minister Truong Hoa Binh, the board of leaders of departments, and leaders of Binh Phuoc province for the ribbon cutting. Montri Suwanposri, president of CPV, CPV board of leaders, and over 400 guests, who are partners, customers, and employees of CPV, also participated in the event.

 

The project has an initial investment capital of US$250 million and a capacity of 100 million broilers per year (after 2023). The plant would provide high-quality chicken meat products to domestic consumers and for exports: Japan (45%), Europe (35%), Asia (10%), and Middle East (10%). The project is expected to bring in returns of US$100 million per year in stage 1 and US$200 million per year in stage 2.

 

"Investing in Vietnam for more than a quarter of a century, we deeply comprehend the macroscopic policy of the Vietnam Government and the direction of the Ministry of Agriculture and Rural Development in promoting Vietnam to become a food manufacturing country which meets international standards and increased exports. With the strength and successful experience in exporting poultry meat for over 20 years at CP Group, we confidently set out our Mission of 'Improving food quality in Vietnam, contributing to carry Vietnam on the map of branded poultry meat exports in the world'," says Montri Suwanposri.

 

The complex operates under a fully traceable supply chain including: Animal feed, Chicken brood farm, Incubation factory, Broiler farm and Slaughter - Processing factory. Eggs are classified and hatched by automatic in ovo vaccination technology, which C.P. Vietnam is said to be a pioneer in.

 

Montri Suwanposri, president of CPV, at the inauguration event