Betagro Group, one of the country's largest integrated agribusiness concerns, has built a new 1.1-billion-baht animal feed factory to cash in on the growing livestock industry.
A worker adds feed to a machine at Betagro’snewanimal feed plant in Lop Buri, which is expected to increase its capacity by 26%. The Thai Feed Mill Association pegs domestic demand for animal feed at 15 million tonnes a year.
Located in Lop Buri's Phatthana Nikhom district, the new factory became operational last November with a monthly production capacity of 36,000 tonnes.
The new facility is the ninth feed plant for the group and is expected to increase its feed capacity by 26% from 2.1 million tonnes.
Executive vice-president Vasit Taepaisitphongse said the Thai Feed Mill Association estimates domestic demand for animal feed will be 15 million tonnes a year, with the figure rising each year in line with growing meat consumption.
The association forecasts demand will rise by 16.5% to exceed 16 million tonnes this year thanks to strong growth in the poultry, swine and aquaculture segments.
Betagro is one of the country's 57 manufacturers in the 225-billion-baht animal feed business, whose products comprise feed for poultry, pigs, cows, fish and shrimp.
The new facility, which is the latest addition to Betagro's nationwide network, has been approved by the Board of Investment.
Mr Vasit said the 100% dust-free factory produces a range of feed products.
"It is designed to be free from antibiotics across the entire manufacturing process in order to meet both local and international food safety standards," he said.
Mr Vasit said the group also plans to improve and develop different production areas to meet the needs of local customers and rising demand within the Asean Economic Community. The moves will increase competitiveness and cost savings.
The group invested 500 million baht in Cambodia last year to manufacture 12,000 tonnes of feed a year to supply the livestock industry in that country.
Betagro Laos Co was formed to manage livestock operations in that country, with the goal of building a breeding farm with the capacity to raise 1,000 to 1,200 swine breeders.
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