International feed group Skretting has announced plans to construct a new factory in Vietnam this year. The new factory will supply the growing market in Vietnam and the broader southeast Asia region, with an annual capacity of 100,000 tonnes
The new factory will be located next to Skretting Vietnam’s existing facilities in Thuan Dao Industrial Zone, Long An and represents an investment of €24m for the group.
Skretting says the new factory will alleviate current demand on supply.
Bui Thuy Tien, General Manager of Skretting Vietnam, said; “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.”
Skretting’s expansion into Vietnam began in 2010 through the acquisition of Tomboy Aquafeed JSC, a Vietnamese fish and shrimp feed company. The group’s 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.”