Charoen Pokphand Foods Plc (CPF) is gearing up to produce more processed foods in Vietnam in preparation to serve domestic demand and greater consumption expected from the coming single market in Asean.
Its CP Vietnam Corporation (CPV) unit is investing US$100 million in several core businesses to support the production of processed food under the CP brand.
The investment includes setting up a new feed meal plant in Hai Duong province near Hanoi. The plant will start operating next month with annual capacity of 720,000 tonnes.
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