Dairy businesses in Vietnam are pioneering in applying circular economy solutions on their progresses.
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.
Both F&N Dairy Investments Pte., Ltd. and Platinum Victory Pte., Ltd. have failed once again to purchase the Vinamilk shares they had registered for, citing unfavourable market conditions as the reason.
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.
TH Group has just held the commencement ceremony of its dairy factory with a capacity of 1,500 tonnes per day in the industrial zone of the special economic zone in Borovsk district, Kaluga province, Russia.
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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.
Besides raising dairy cows and producing clean food products, Vietnamese dairy producer TH Group also joins the field of resort tourism with some big projects in Phu Yen province.
A Singapore-listed Jardine Cycle and Carriage Ltd (JC&C) has bought 36 million additional shares of Viet Nam Dairy Products JSC (Vinamilk), increasing its total investment into Vinamilk to more than US$1 billion, it said in a statement on Thursday.
A foreign investor spent nearly VND9 trillion (roughly US$396.2 million) acquiring the entire 3.33 per cent of Vietnam Dairy Product JSC (Vinamilk)’s stakes, equaling 48.4 million shares from State Capital Investment Corporation (SCIC).
The State Capital Investment Corporation (SCIC) has announced the price of 3.33 per cent of Vietnam Dairy Product JSC (Vinamilk)’s stakes, equaling 48.4 million shares at VND150,000 (equivalent to US$6.7) each in its second divestment session.
The market price of Vinamilk’s share (VNM), Vietnam’s the largest dairy enterprise, was VND152,600 (roughly US$6.8) per share at the end of September 05.
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Dairy giant targets having 200,000 heads by 2020, up from 160,000 this year.
