Austfeed to construct US$10 million animal feed plant in Central Vietnam

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Publish time:12/10/2009 12:00:00 AM      Source: www.cnchemicals.com
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December 10, 2009

Austfeed to construct US$10 million animal feed plant in Central Vietnam

Austfeed Binh Dinh Company Limited, an affiliate of the Austfeed Vietnam Company Limited, is building a US$10 million animal feed factory in central province of Binh Dinh), the Dau tu newspaper published by the Ministry of Planning and Investment reported Wednesday (December 9).

Located in Nhon Hoi B industrial zone in Quy Nhon city, the factory is scheduled to operate in the fourth quarter of 2010 with a production capacity of 100,000 tonnes annually.

Dao Manh Luong, chairman of Austfeed Binh Dinh, said Vietnam's abundant supply of raw materials but few producers is what prompted the company to construct a new plant. He added favourable geography and investment offered by local authorities have also encouraged Austfeed to invest in the province.

Vietnam needs between 17 million and 18 million tonnes of animal feed yearly but local factories can provide only 8.5 million tonnes, including nearly six million tonnes of cattle and poultry feed, and 2.4 million tonnes of aquatic feed.