China’s largest aquafeed producer, Sichuan-based Tongwei Group will break ground this month on a feedmill in Vietnam.
The mill is the group's third to be built in the country since 2007, The200,000 tonnes capacity mill will be situated in Hai Duong and represents a $10 million investment. The mill is scheduled to come on line in March 2012.
Tongwei Group operates some100 branch/subsidiary companies in China and elsewhere in Asia and employed approximately 10,000 people. Among these, Tongwei Co., Ltd is a listed company that manages an annual feed production capacity of over six million tons. The company has captured 25% of China’s market share for aquafeed, which makes it the nation’s industry leader for 16 consecutive years. The company claims to be the world’s largest aquafeed manufacturer as well as major livestock and poultry feed producer.