Nutreco Expands in Asia21 February 2014
GLOBAL - Nutreco is expanding its presence in Asia. With two new state-of-the-art plants in Viet Nam (Ho Chi Minh City area) and Indonesia (East Java) and a remodel of its Chinese plant in Xiangtan (Hunan), Nutreco increases its focus on the production of premixes and farm minerals.
The Vietnamese facility will be operational in the second quarter of 2014 and the plants in Indonesia and China in the first quarter of 2015.
The opening of Nutreco's fourth and fifth premix facility in Asia and the remodelling of the Xiangtan plant confirm the company's strategy of expanding its presence in growth geographies such as Asia.
Nutreco is a global leader in animal nutrition and fish feed and has sound, long term growth prospects in the Asian market.
As existing premix facilities are running at full capacity, this creates a need for two additional plants.
The expansion allows Nutreco to serve Vietnamese and Indonesian farmers and feed mills better through enhanced nutritional services and faster response times. Both plants will produce premixes and farm minerals and in Vietnam also young animal feed concentrates will be produced.
The plant in Xiangtan was constructed in 1999 and designed primarily as a compound feed facility. Nutreco is carrying out a complete remodel of the site to meet the growing demand for high quality, sustainable animal nutrition products in Central and Southern China. The production will shift from compound feed to premixes, farm minerals, piglet feed and feed additives.
The total investment amounts to €15 million and is part of Nutreco's strategy 'Driving sustainable growth', which is about growing and improving profitability by providing innovative and sustainable nutritional solutions. This will be realised by focusing on a higher value added portfolio and by expanding into the growth geographies of Latin America, Russia, Asia and Africa.
TheCattleSite News Desk