Japfa Comfeed Vietnam invests in $230 million animal husbandry project in Binh Phuoc

Thursday, Dec 24, 2020 17:00

General Director of Japfa Comfeed Vietnam Arif Widjaja (centre) received the investment license from Bình Phước Province's Party Secretary Nguyễn Văn Lợi (left) at the Bình Phước Province’s Investment Promotion Conference on December 23. — Photo Japfa Vietnam

Japfa Comfeed Vietnam Co., Ltd. (Japfa Vietnam) has officially received over US$40 million investment license in a self-contained animal husbandry project worth US$230 million at the Binh Phuoc Province’s Investment Promotion Conference on December 23.

As part of the license, Japfa Vietnam will invest in a self-contained livestock-poultry production chain, from breeders, feed and cultivation to slaughtering and processing in Binh Phuoc Province in two phases: 2021-23 and 2023-25. Upon operation, the chain is estimated to create jobs for more than 1,000 local labourers in the province.

“The self-contained animal husbandry project chain worth US$230 million in Binh Phuoc Province again confirms the commitment to long-term business and sustainable development of Japfa in Viet Nam. As one of the three strategic markets of Japfa Group in Asia, Viet Nam always receives strong support in terms of international experience and finance of Japfa Group in investment and business expansion activities,” said General Director of Japfa Comfeed Vietnam Arif Widjaja.

“Overcoming challenges caused by the pandemic, Japfa Vietnam is now in a favourable stage to strongly expand its business activities. With the support of the Vietnamese Government and the leaders of Binh Phuoc Province, we are confident that Japfa Vietnam will fare well in the future, contributing considerably to Viet Nam’s target to make its animal husbandry industry on par with those of developed countries in the region by 2030,” said Arif Widjaja.

Groundbreaking ceremony of high-tech pork farm project in Long Ha commune, Phu Rieng district, Binh Phuoc province, October 2020.— Photo Japfa Vietnam

With total investment capital of approximately VND5.3 trillion (US$230 million), Japfa Vietnam is expected to start construction of an animal feed production plant, a poultry slaughterhouse and a pig slaughterhouse in Minh Hung-Sikico Industrial Park in the first quarter of 2021. Later, in the fourth quarter of 2021, Japfa Vietnam will continue to build an egg incubating plant, a commercial chicken farm, a sperm centre and a pig farm in the High-Tech Park of Binh Phuoc Province.

Japfa Vietnam currently is operating a farm system with a capacity of more than 264,000 pigs for meat and 660,000 chickens per year. In the future, the company will put into operation two big animal husbandry projects in Binh Phuoc Province with a total investment of about VND670 billion.

In October, Japfa Vietnam started construction of a high-tech pig farm capitalised at nearly VND500 billion (approximately US$22 million) in Long Ha Commune, Phu Rieng District, Binh Phuoc Province. This project, one of the largest pig-for-meat farms of the country, is built on an area of some 40 hectares, capable of accommodating 48,000 pigs for meat and estimated to supply over 14,000 tonnes of pork annually for the market. In addition, Japfa Vietnam is building breeder pig farms costing VND170 billion in Dak Wi Hamlet, Dak Nhau Commune, Bu Dang District, Binh Phuoc Province, on a 60-hectare area. The project includes two farms that can rear up to 15,000 sows.

Japfa Vietnam is well known in feed and farm business with six feed mills, more than 300 professional poultry and swine farms, more than 20 meat shops serving fresh meat and processed food products under Japfa Best brand. — VNS

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