Pilmico and Gold Coin Group expects to complete its feed mills expansion in Vietnam and in China in the next 12 months.
Tristan Aboitiz, Pilmico and Gold Coin Group president and chief executive officer, said in a virtual briefing on Monday the projects are worth a total of $51 million (P2.83 billion).
“We are continuing to invest in increasing our feed milling capacity across the region. The two big ticket items we’re working on at the moment are new feed mills in Yunnan, China which is a 150,000 per metric ton (MT) per annum livestock feed mill with potential to expand capacity of up to 270,000 MT and another in Long An, Vietnam which is a 200,000 MT per annum feed mill with a potential to expand capacity up to 300,000 MT,” Aboitiz said.
Pilmico said the Vietnam facility has an investment cost of $27 million and is expected to be complete by December this year, while the China facility will likely be finished by April next year at a cost of $24 million.
“The focus on first half will be on the final design and construction while the second half will focus on equipment installation. Both were on-track as far as the construction of both mills are concerned. We’re working towards signing contracts with the general contractors for the construction works at the moment,” Aboitiz added.
Pilmico and Gold Coin Group is involved in the production of flour, animal feeds, pet foods and meat.
Based on the company’s website, Pilmico currently has over 29 facilities in nine countries: the Philippines, Vietnam, China, Malaysia, Brunei, Indonesia, Sri Lanka, Thailand and Singapore.
The company’s total annual capacity in terms of feed mills is at 4.2 million MT to date. – Jed Macapagal