Aboitiz-led agriventure firm Pilmico and Gold Coin Group looks to complete its feed mills expansion in Vietnam and China in the next 12 months.
Tristan Aboitiz, Pilmico and Gold Coin Group president and chief executive officer, said on Monday the projects are worth a total $51 million or P2.83 billion in local currency.
“We are continuing to invest in increasing our feed milling capacity across the region. The two big -icket items we’re working on at the moment are new feed mills in Yunnan, China which is a 150,000 per metric ton (MT) livestock feed mill with potential to expand capacity of up to 270,000 MT per annum and another in Long An, Vietnam ,which is a 200,000 MT per annum feed mill with a potential to expand capacity up to 300,000 MT,” Aboitiz said.
Pilmico said the Vietnam facility costs $27 million and seen completed by December this year while the China facility will likely be completed in April next year and costs another $24 million.
Pilmico and Gold Coin Group is into the production of flour, animal feeds, pet foods and meat.
Based on the company’s website, Pilmico operates 29 facilities in nine countries including the Philippines, Vietnam, China, Malaysia, Brunei, Indonesia, Sri Lanka, Thailand and Singapore.
The feed mills generate total annual capacity of 4.2 million metric tons.
