Vinasoy builds third plant in Binh Duong
Vietnam Soya Products Company (Vinasoy) began construction on its third plant in the Vietnam-Singapore Industrial Park (VSIP 2A) in the southern province of Binh Duong on March 18 to meet increasing demand in the domestic market and its export expansion target.
Covering an area of 8.5 hectares, the plant has a total investment of VND900 billion (US$40.5 million). It is scheduled to be completed and put into operation later this year, with an annual capacity of 180 million litres of soymilk.
Ngo Van Tu, CEO of Vinasoy, said once becoming operational, the plant will contribute to shortening time and distance for transporting the company’s products to southern localities.
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Vinasoy is the largest soymilk producer in the country at present, accounting for over 84.2% of the market share.
It now operates two manufacturing plants in central Quang Ngai and northern Bac Ninh provinces, bringing in annual revenue of VND3.8 trillion (US$171 million).
