Vietnam has now become the 7th international market of Thai-backed CP-Meiji Co., Ltd., a joint venture between Charoen Pokphand and Japanese leader in pasterrised milk industry Meiji.
TH Group is putting in place another high-tech dairy farm project in Thanh Hoa province, which will be home to over 20,000 cows and a processing plant with designed capacity of 300 tonnes of milk a day.
The country's biggest milk production company has invested $50 million to develop the dairy farm.
Entering the US market with iced milk coffee Nuticafé, NutiFood is showing its obvious ambition to dominate the instant coffee market share not only in Vietnam but also over the world.
.png)
The alluring wood industry with a huge export turnover has stimulated the leading milk producer TH Group to seek a new opportunity of investment by formulating a wood processing plant which has a total investment of $500 million.
Vinamilk's existing business segments including powdered milk and yogurt, are facing fierce competition from both foreign and domestic milk producers under the context of market saturation.
.png)
TH Group has consulted with financial institutions to prepare initial public offering or IPO of its member TH Milk, which is involved in the dairy sector.
Russian Direct Investment Fund and TH Group are going to jointly invest in dairy projects worth $633 million in Russia.
Expanding investment in hi-tech agriculture, TH Milk is facing a considerable financial pressure.
It is expected that Nutifood will gain US$100 million in annual revenue from American market after next five years.
