Cargill acquires shrimp feed mill in Ho Chi Minh City, Vietnam, from Higashimaru Vietnam; Cargill to begin commercial production of shrimp feed within three months
HO CHI MINH CITY, Vietnam
November 14, 2011
– Cargill Vietnam announced today that it has completed the asset purchase of a shrimp feed mill located south of Ho Chi Minh City from Higashimaru Vietnam Co. LTD. The sale will give Cargill full ownership of the mill and will be Cargill’s first investment in Vietnam’s shrimp feed industry.
Constructed in 2008, the mill is strategically located close to some of the largest commercial shrimp farms in Vietnam. The shrimp mill acquisition will add to Cargill’s existing feed portfolio, which includes swine, poultry and fish feed. Cargill expects to begin producing Cargill shrimp feed for commercialization within two to three months after making additional investments to the mill.
“Shrimp farming is a growing industry, and this mill is a good complement to our existing feed business in Vietnam. It allows Cargill to quickly enter the shrimp feed manufacturing market in Vietnam with significant capacity and to begin to service shrimp producers,” said Pedro A Curry, Cargill’s General Manager for Aquaculture in Vietnam. “We look forward to expanding our business and to working with Vietnamese shrimp producers and helping them succeed.”
Added Hoàng Thông Thái, Cargill’s National Sales Manager for Shrimp, “We are excited to be bringing our best technology to Vietnamese shrimp producers. Shrimp growers will be able to rely on Cargill to supply them with high-quality, top formulated and best-of-class manufactured nutritional solutions and technical services.”
Cargill is one of the leading animal nutrition companies in Vietnam. The company began with its first feed mill in 1997 and today operates six feed mills throughout the country. Serving the swine, poultry, fish and shrimp feed markets through a network of about 1,200 dealers in addition to direct sales, Cargill applies the newest animal nutrition technology to its feed.