Nutifood and HAGL to grow soybeans, make soy-milk

Wednesday, Sep 30, 2015 20:12

Nutifood cooperates with Hoang Anh Gia Lai Group on a new product on September 29.- VNS Photo

HA NOI (Biz Hub) — Nutifood launched a new dairy product called Nuti 100 per cent fresh milk, due to its co-operation with Hoang Anh Gia Lai Group (HAGL) on September 29.

The food manufacturer also introduced a new soy milk product to come from the cooperation.

The first project cooperation, worth VND11 trillion (US$488.9 million), was signed in 2014, calling for HAGL to maintain a herd of 120,000 dairy cows to fill NutiFood's use of 500 million litres of milk per year.

After one year, HAGL has gathered 10,000 cows, including 5,000 cows which provide 100 tonnes per day for Nutifood production.

In a second project, HAGL will set aside about 1,000 ha of land for soybean cultivation and develop the area into 3,000 ha in the next 5 years. Meanwhile, NutiFood will use the entire soybean production for its soy milk products.

From the first year's harvest, the company will receive 3.5 million liters of soy milk from 2,500 tonnes of beans, and 185 million liters of soy milk from 20,000 tonnes of beans in the following years. — VNS

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