HAGL Group's sugarcane plant in Laos
Vietnamese conglomerate Hoang Anh Gia Lai, said Thursday that a sugarcane plant in its industrial complex in the southern Laotian province of Attapeu went on stream January 16.
Besides the sugarcane plant, which can process 7,000 tons of sugarcane per day, a 30 MW thermal electricity plant, fueled by bagasse -- or sugarcane waste -- has also started generating power.
The factory, which employs more than 4,000 employees, has 12,000 hectares of sugarcane plantations in Attapeu and contracts with local farmers growing the crop on a further 4,000 hectares.
Nguyen Quang Anh, director of the complex, said the group has helped local farmers by providing new techniques, modern equipment, and sugarcane seeds, which will help them raise their annual revenues on their land by more than 16 times to roughly $5000-6000, he added.
The US$100-million complex also has an ethanol factory with an annual capacity of 30,000 tons and a fertilizer factory with a capacity of 50,000 tons, which will both begin operation in the second quarter.
The Hoang Anh Gia Lai Group began investing in Laos in 2007. It was the first foreign investor in Attapeu where it is also involved with social development programs, funding hospitals, roads, and schools.
The group has interests in property, rubber, minerals, and interiors.
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