Thai agribusiness giant Charoen Pokphand Group CPF is looking to ramp up the businesses in the Philippines with plans to invest P7 billion (USD$171 million) over the coming three years. The investment will go into the areas of expanding the company's livestock and aquaculture business in the country. With the company viewing the Philippines as an important growth area for CPF’s business interests.
The company which currently runs livestock, poultry and feed milling businesses in the country will put the funds towards its broiler, layer and swine operations in Pampanga, along with boosting its shrimp hatcheries and fish culture operations in Luzon, Visayas and Mindanao.
CFPF currently operate an old feed mill it acquired in Brgy. Panginay, Guiguinto, Bulacan. The production at the mill is only around 18-24,000 metric tons of feeds per annum, which consists of starter/grower/and finisher feeds for pigs and poultry.
The company has a new 60,000 metric tonnes per annum feed mill scheduled to open this month. Located in Samal, Bataan, the feed mill will produce fish and shrimp feeds for local fishpond operators and owners.
Small scale Vietnamese feed manufacturers are finding it increasingly difficult to compete in a market which has seen the growth and expansion of several large foriegn feed firms in the country.
Last year, 40 out of the 243 Vietnamese feed manufacturers were forced to close their doors, and the number of local manufacturers ceasing operations is expected to continue, commented Le Ba Lich, chairman of the Vietnam Feed Association (VFA). He added that it was expected that approximately 70 other small businesses were on the verge of closing down and forfeiting their market share to the foreign manufacturers.
Many of the small scale feed producers that had capacities of less than 10,000 tons a year have had to either shut down or reduce production due to fierce competition in Vietnam's feed industry. A large number of these companies were located in Dong Nai or Binh Duong, the region considered the southern hubs of the animal feed making industry in Vietnam.
Cargill announced on April 1 that former Sara Lee executive, Marcel Smits, is its new chief financial officer CFO, effective April 15.
“Marcel Smits is a terrific addition to the Cargill leadership team. His global experience in financial management and the food industry will be a tremendous asset to the company,” said Greg Page, Cargill chairman and chief executive officer.
Smits, a native of the Netherlands, served in a variety of financial management positions for Unilever in Europe, Latin America and Asia throughout the mid-1980s and 1990s, lastly as senior vice-president of finance for China.
Cargill’s CFO position was vacated in November 2012 when Sergio Rial left the company to return to his native Brazil. David MacLennan, Cargill president and chief operating officer had added the duties of interim CFO to his responsibilities up until now.
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| Small scale Vietnamese manufacturers are finding it increasingly difficult to compete in feed market |
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