India-based poultry firm, the VH Group, has announced it would invest in a feed factory in Vietnam, beginning its foray into Southeast Asia.
The factory, built in the An Hoa Bourbon Industrial Park in Tay Ninh Province, would commence production later this year, said the group at its launching ceremony last week in Ho Chi Minh City. They did not disclose the capital outlay involved at this juncture.
Venky Vietnam, the group's affiliate, said that the factory, which will have an annual capacity of 54,000 tons will hire 100 local workers.
The factory will meet demand for feed in the southern provinces, company representatives said.
The group will also set up a laboratory in the south that will support poultry farming and give technical assistance to farmers, they added.
Established in 1971 and as a fully integrated poultry company with a turnover of approximately US$700 million, the group's brochure says it provides complete poultry solutions from basic breeding to providing ready-to-eat chicken and processed egg variants through the Venkys brand.