Vinamilk to construct US$23 million facility in Cambodia
(VOV) -Cambodia has given Vietnam Dairy Products Joint-Stock Company (Vinamilk) the green light to proceed with the construction of a US$23 million dairy processing plant.
This was announced on January 13 at the fourth Vietnam-Cambodia Investment Cooperation Conference in Phnom Penh that was attended by Prime Minister Nguyen Tan Dung and his Cambodian counterpart Hun Sen.
Vinamilk will cooperate with Cambodia’s Angkor Dairy Products Company Limited to build the US$23 million dairy plant on 30,000 square metres in a special economic zone in Phnom Penh.
Vinamilk will provide equity funding for 51% of the project whilst the remaining 49% will come from the Cambodian partner.
The plant is designed to process an annual capacity of more than 19 million litres of fresh milk, 64 million cups of yogurt, and 80 million tins of condensed milk with estimated revenue of US$35 million in 2015.