New factory will supply aquaculture market in Vietnam and southeast Asia
Skretting plans to construct a new factory in 2021 as part of its commitment to aquaculture in Vietnam and the broader southeast Asia region. The new factory will supply the growing market with an annual capacity of 100,000 tons.
Reflecting an investment of EUR24 million (US$28.7 million), the state-of-the-art facility will enable effective feed supply to key farming provinces in the Mekong Delta and beyond. With existing facilities at full capacity, the new factory will alleviate the demand on supply. The new factory is located next to Skretting Vietnam’s existing facilities in Thuan Dao Industrial Zone, Long An.
“With a mission and commitment of bringing good solutions to farmers and contributing to the sustainable development of aquaculture in Vietnam, Skretting Vietnam is dedicated to leveraging our global resources to offer a complete value proposition for our customers,” said Bui Thuy Tien, general manager of Skretting Vietnam.
Vietnam became part of the Skretting family in 2010 through the acquisition of Tomboy Aquafeed JSC, a reputable Vietnamese fish and shrimp feed company. Since then, Skretting Vietnam has fully embedded the Skretting culture into all of its operations – from research and raw material procurement to products and services for aquaculture. The latest shrimp feed factory opened in 2017.
“This new factory in Vietnam is a logical and necessary step towards strengthening Skretting and Nutreco’s position as a global competitor in Asia,” said Therese Log Bergjord, Skretting CEO. “We have a very solid growth strategy, matched with the huge potential of the sector. We have activated an expert team to make sure we deliver, and I’m excited to see how we continue to grow in the coming years.”