Cargill Vietnam, the leading animal feed maker in Vietnam, said on Monday it had completed the acquisition of a shrimp feed plant from Japanese-invested Higashimaru Vietnam in Tien Giang province.
Cargill Vietnam, the leading animal feed maker in Vietnam, said on Monday it had completed the acquisition of a shrimp feed plant from Japanese-invested Higashimaru Vietnam in Tien Giang province.
Pedro A. Curry, general director aqua of Cargill Vietnam, said the acquisition would enable the firm to ensure sufficient supply for the animal feed market, including feed for cattle, poultry, fish and now shrimp. This is also Cargill’s first shrimp feed project.
Higashimaru Vietnam is specialized in shrimp feed production in Tan Huong Industrial Park. With US$4 million in investment capital, it started operation in February 2008 with the annual capacity of 10,000-15,000 tons.
Cargill Vietnam did not reveal the price of the deal.
The company expects to start producing shrimp feed bearing the Cargill brand at the plant in 2-3 months after further investment in the facility.
Since its first plant’s opening in 1997, Cargill Vietnam has had six feed plants for cattle, poultry and fish, which supply the market through 1,200 sales agents nationwide.
(Source: SGT)
