The 4.4-hectare factory, the Sunjin’s fourth facility in Vietnam, has a total investment of US$25 million. It is capable of producing 240,000 tonnes of animal feeds annually.
Sunjin Group started its animal feed business in Vietnam in 2004, said the group’s President Lee Bum Kwon at the launching ceremony.
The new facility will provide a completely different solution for animal breeding as it fixes challenges in feeding piglets, he noted.
Sunjin Group will make the greatest effort to help Vietnamese livestock breeders and its partners develop by improving the local livestock industry’s competitive edges, he pledged.
Vice Chairman of the Ha Nam People’s Committee Truong Quoc Huy, for his part, said he expects that when Sunjin F&F animal feed factory is put into operation, it will meet the rising demand of the market, and contribute to the development of not only the domestic animal breeding sector but also that of the province.
Huy asked the provincial management board of industrial parks and related departments and agencies to provide continued support for the group’s operation.
Vietnam is currently ASEAN’s biggest animal feed producer and the tenth biggest in the world, according to the Husbandry Department, the Ministry of Agriculture and Rural Development.
The country’s animal feed sector maintained two-digit growth in the past two decades, with the output jumping from 400,000 tonnes in 1993 to more than 23 million tonnes in 2016.
The industry is highly attractive to foreign investors, who are steadily expanding their production.
US-owned Cargill last month opened a US$28 million plant in Binh Duong province that can produce 240,000 tonnes of poultry and swine feed annually. Cargill is one of the five biggest players in the sector with 12 facilities across the country with a total capacity of 1.8 million tonnes a year.
In September, the RoK’s CJ Group launched its sixth feed production plant in the central province of Binh Thuan at a cost of US$13.6 million and capacity of 72,000 tonnes per year.
In June, Mavin Group opened its fifth plant in Dong Thap province, the largest and most advanced in the Mekong Delta. It has an annual capacity of over 400,000 tonnes and cost US$30 million.