Connect with us

What are you looking for?

CORPORATE

Russian firm plans to build US$1.4 billion pork-processing complex in Vietnam

AVG Capital Partners plans to build a US$1.4 billion pork-processing complex in Thanh Hoa province including farm raising 5 million pigs a year.

Thanh Hoa Provincial People’s Committee has signed a memorandum of understanding with AVG Capital Partners to construct the pork- processing complex in Nghi Son Economic Zone with a total investment of US$ 1.4 billion, Zing News reported.

A big farm will be built on 1000- hectare area and raise 5 million pigs a year. In which, there are 43 farms raising commercial pigs and 3 farms for hybrid pigs. A compound animal feed production plant with a capacity of two million tons a year, a slaughterhouse and a meat processing plant with a capacity of 0.6 million tons will also be constructed.

The project will be divided into 3 phases and 2 groups suitable for each construction phase depending on financial conditions.

The AVG representative affirmed that the project will bring many benefits to the locality such as developing an economy, budget, creating jobs for laborers as well as promoting the development of food processing technology in accordance with international standards.

Thanh Hoa Vice Chairman Nguyen Van Thi said that the province will create favorable conditions for implementing the project.

AVG Capital Partners operates in agriculture, animal feed production, meat processing, and sugar production. It ranks the 20th and 3rd in terms of output and business efficiency respectively in the pork processing field in Russia.

Vietnamtimes

MANUFACTURING

The manufacturing sector took some hard hits last year. COVID-19 impacted supply chains, compromised workforce safety, and changed both channels to market and consumer...

CORPORATE

Vingroup will pour an additional $300 million into the US market, to prepare for the sale of its new electric car models and smartphones....

ECONOMY

Total new orders increased for the eighth month running, and at the fastest pace in close to two-and-a-half years. The Vietnam Manufacturing Purchasing Managers’...

CORPORATE

Audi partners with SAP, AWS, Capgemini and the XL2 joint venture as part of its Automotive Initiative 2025 for digital factory transformation. Collaborating closely...

Scroll Up