The Aboitiz Group’s joint venture with the Gold Coin Group has recently completed a new $23.1 million (P1.4 billion) animal feed manufacturing plant in Yunnan, China.
The project, launched two years ago, started commercial production in June with a capacity of 75,000 metric tons (MT).
The project will provide feed for farmers raising pigs, poultry, fish, and ruminants like cattle and sheep, reaching more customers.
“This mill is the second of its kind in our China-based operation. It will ensure that our customers are provided with the highest quality feed across multiple categories,” Tristan Aboitiz, Pilmico and Gold Coin Group president and CEO, said in a statement.
Aboitiz Equity Ventures, through Pilmico International, purchased a contorting stake in Gold Coin in 2018, increasing its regional agribusiness footprint.
Aboitiz said the feedmill is the largest of its kind in Yunnan Province. It has a capacity of 150,000 MT, with near-term plans to expand to 290,000 MT and with a future maximum capacity of 500,000 MT.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
