Vietnam’s dairy giant, Vinamilk, marks its presence in the local sugar industry by debuting the Vietnam Sugar Joint Stock Company (Vietsugar) (Photo kinhtedothi.vn)Khanh Hoa (VNA) – Vietnam’sdairy giant, Vinamilk, marked its presence in the local sugar industry bydebuting the Vietnam Sugar Joint Stock Company (Vietsugar) on November 28 in thecentral province of Khanh Hoa’s Cam Lam district.
In a move to ensure sufficient raw material for business expansion, Vinamilkthis year has spent nearly 1 trillion VND (44 million USD) on acquiring a 65 percentstake of the Khanh Hoa Sugar Co and changing its name into Vietsugar.
Representatives of Vinamilk saidthat Vietsugar, which was launched from a strategic handshake between twolong-standing companies in Vietnam’s food industry, will open a new directionfor the local sugar industry by gradually helping sugarcane farmers in Khanh Hoaprovince and neighbouring localities improve their competitiveness and activelyintegrate into regional and global markets.
Established in 1989, Khanh Hoa Sugar Co has a current production capacity of1,500 tonnes of sugar each day and strives to raise its daily capacity to 2,000tonnes in the future.-VNA
In a move to ensure sufficient raw material for business expansion, Vinamilkthis year has spent nearly 1 trillion VND (44 million USD) on acquiring a 65 percentstake of the Khanh Hoa Sugar Co and changing its name into Vietsugar.
Representatives of Vinamilk saidthat Vietsugar, which was launched from a strategic handshake between twolong-standing companies in Vietnam’s food industry, will open a new directionfor the local sugar industry by gradually helping sugarcane farmers in Khanh Hoaprovince and neighbouring localities improve their competitiveness and activelyintegrate into regional and global markets.
Established in 1989, Khanh Hoa Sugar Co has a current production capacity of1,500 tonnes of sugar each day and strives to raise its daily capacity to 2,000tonnes in the future.-VNA
VNA
