Costing $10 million (€7.3 million), the plant is located in the northern province of Bac Giang and has annual capacity of 400,000 metric tons a year in manufacturing livestock feeds.
It is operated by the group's subsidiary Khu Hope Feed Co. Group President Wang Degen said the new operation marks a good start for the group's business in Vietnam.
The company plans to set up a complete chain of livestock and aquaculture feed production, and food processing. Wang said the group plans to build seven feedmills, two pig breeding farms and two poultry breeding farms during 2012 to 2017.
