Cargill announces completion of US$20M expansion of its animal feed plant in Vietnam's Binh Dinh province; expansion increases plant's capacity from 60,000 tonnes annually to 240,000 tonnes

Nevin Barich

BINH DINH, Vietnam , May 12, 2014 (press release) – - Cargill has invested more than US$110 million in Vietnam's economic development over the past decade

- Expansion will create approximately 50 new jobs in Binh Dinh

Cargill's animal nutrition business recently celebrated the completion of its US$20 million animal feed mill expansion in Vietnam's Binh Dinh province. One of eight compound feed mills in Vietnam, the expanded facility will enable Cargill to meet growing demand for high-performing feed from its customers in the country. With this expansion, Cargill has invested more than US$110 million in Vietnam's livestock and aquaculture industry during the last 10 years.

"Our investments demonstrate our confidence and commitment to the growth and future of Vietnam's feed industry," said Joe Stone, president, Cargill Animal Nutrition's feed and nutrition business. "Our aim in Vietnam is to create superior value for our customers by providing comprehensive animal nutrition solutions that leverage our global best practices and local market knowledge. Also, we continually invest in our capabilities to ensure our customers always have unique and proven solutions that help them make the right business decisions."

The expansion increases the plant's capacity by four times, from 60,000 tonnes per year to 240,000 tonnes per year, and incorporates Cargill's uncompromising approach to feed safety, ingredient quality and product integrity. The company aims to provide customers with safe, trusted feed that maximizes the performance of their operations, which in turn helps to improve food safety across Vietnam's supply chain.

"The expansion of our Binh Dinh plant will allow us to serve our customers in Vietnam even more effectively, so we can deliver the right products, expertise and capabilities to them as quickly as possible and support faster business growth," said Jorge Becerra, managing director for Cargill Animal Nutrition's feed and nutrition business in Vietnam.

Cargill continues to grow its animal nutrition business in Vietnam in order to meet customer demand for quality feed. In 2012, it committed to building more animal feed plants in the country, doubling its feed capacity to 1.5 million tonnes per year by 2015. This new plant expansion means that Cargill now has a total compound feed capacity of 1.4 million tonnes in Vietnam and will create approximately 50 new jobs across sales and support functions in Binh Dinh.

Additionally, in order to help raise farming productivity and incomes, Cargill has provided training to more than 1.5 million Vietnamese farmers in best practices in animal husbandry through its farming workshops. Through Cargill Vietnam's school building program, two schools have already been built in the Binh Dinh province. The program has to date built 65 schools in rural communities across Vietnam and is committed to building 75 schools in Vietnam to help educate about 15,000 students by 2015.

Editor's note: Photos are available. Please contact bridget_williams@cargill.com.

About Cargill

Cargill provides food, agriculture, financial and industrial products and services to the world. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and nearly 150 years of experience. We have 143,000 employees in 67 countries who are committed to feeding the world in a responsible way, reducing environmental impact and improving the communities where we live and work. For more information, visit Cargill.com and our News Center.

About Cargill in Vietnam

In February 1995, Cargill established our presence in Vietnam with the opening of our first representative offices in Hanoi and Ho Chi Minh City, and Cargill Vietnam Limited was formed. In December 2009, we were the first U.S. company to obtain a distribution license in Vietnam, allowing us to distribute products directly in the country. Today, we employ more than 1,100 employees across 15 locations. Our operations include animal nutrition, cocoa production, food and beverage ingredients, grain and oilseed trading and marketing, and metals trading. For more information, visit www.cargill.com.vn.

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