Aboitiz Equity Ventures Inc. (AEV) said it has completed its 150,000 metric ton (MT) feed mill in Yunnan, China.
This $23.1-million facility, currently the largest comprehensive feed mill in Yunnan Province, is developed by AEV’s Pilmico Food Corp.
The feed mill has a near-term plan to expand to 290,000 MT with a maximum capacity potential of 500,000MT.
“Equipped with the latest equipment and technology, Pilmico and Gold Coin Group’s Yunnan facility aims to set new standards in feed mill production,” AEV said.
Gold Coin Management Holdings Inc. is Asia’s largest privately owned agribusiness company in which Pilmico has a 75 percent stake.
The facility started commercial production last month and is expected to produce 75,000MT this year.
“This feed mill will cater to more species, including swine, poultry, aqua, ruminants, and premix, and reach an even broader customer base,” the group said.
“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,” said Tristan Aboitiz, Pilmico and Gold Coin Group chief executive officer.
The Yunnan facility forms part of the Aboitiz Group’s food and agribusiness subsidiary’s strategic moves to strengthen its feed mill capacity in Asia-Pacific, alongside the upcoming facility in Long An, Vietnam with a capacity of 200,000 MT.
