THAILAND – Leading food and agribusiness company Cargill has expanded its animal feed and nutrition business in Thailand by acquiring a feed mill in Prachinburi province.
The mill, a joint venture between Sri Thai Foods and Beverages Co. Ltd. and Thai-Denmark Swine Breeding Co. Ltd., produces poultry and swine feed.
Cargill has acquired the feed mill, which was established in 1996, through a public tender.
“This plant is aligned to Cargill’s animal nutrition business growth plans and aspiration to provide the leading and most trusted livestock solutions that help our customers grow,” said Akkarit Boontawee, Managing Director of Cargill Feed and Nutrition South East Asia.
The feed mill, which had ceased production, is planned to begin production in 2018, producing poultry and swine feed for Cargill’s customers based in Thailand.
According to Cargill, once fully operational in May 2018, the plant will employ around 50 employees and produce 72,000 metric tonnes of feed per year for swine and poultry customers in the Eastern and Northeastern parts of Thailand.
The company plans to expand the facility and add more local jobs as the market continues to grow.
“We are pleased Cargill has acquired the plant. We are confident it will be a prosperous business that will serve Thailand’s poultry and swine farmers well,” said Mr. Anan Jantaranukul, managing director Srithai Feedmill Co., Ltd.
Cargill has been a part of the industry in Thailand for over 25 years, operating a fully integrated poultry value chain business in the country, for the growing demand in Thailand and several countries, including Japan, Korea and Europe.
September 14, 2017