AVG Capital Partners has signed a memorandum of understanding with the Thanh Hoa Province People’s Committee to build a $1.4-billion pork processing complex in the province.
A pig farm will be built on 1,000 hectares of land in the Nghi Son Economic Zone to raise five million hogs a year. A compound animal feed production plant with a capacity of two million tons a year, a slaughterhouse and a meat processing plant with a capacity of 0.6 million tons will also be built.
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A person looks at pork in a supermarket in District 9, Ho Chi Minh City. |
The project will be divided into three phases.
An AVG spokesperson said it would comply with Vietnamese environmental laws and regulations.
The Russian private equity company is a major investor in agriculture, animal feed production, meat processing, and sugar production.
Source: VnExpress
