Vietnamese dairy TH True Milk to invest further $1.7bn in Russia – eDairyNews
Countries Russia Vietnam |17 marzo, 2017

Dairy industry | Vietnamese dairy TH True Milk to invest further $1.7bn in Russia

Vietnamese dairy group TH True Milk will invest a further $1.7 billion in establishing a dairy operation in eastern Russia.

The investment will help the company to meet demand in China and Japan for organic dairy products, where availability is labelled as ‘scarce’.

It will allow TH True Milk to establish a dairy farming set-up in Russia’s Far Eastern federal district – a 6-million-square-kilometre region of Russia that falls entirely within the Asian continent. Despite its sparse population, the area provides the third highest economic contribution per head of all of Russia’s federal districts, and is strategically placed to help TH True Milk grow its business in Asia.

The company has previously invested in two separate dairy production projects in Russia.

TH True Milk president Thai Huong said: “The total amount of projects in Russia which our company plans is approximately $2.7 billion. Of this amount about $1 billion has already been invested.”

Russia’s domestic dairy market has itself benefitted from Asian investment, after Western imports were banned in 2014.

Details of the additional investment from TH True Milk were given by Russia’s deputy prime minister, Yury Trutnev.


Source: Foodbev



Legal notice on Intellectual Property in digital content

All information contained in these pages that is NOT the property of eDairy News and is NOT considered "in the public domain" by legal regulations, are trademarks of their respective owners and recognized by our company as such. The publication on the eDairy News website is made for the purpose of gathering information, respecting the norms contained in the Berne Convention for the Protection of Literary and Artistic Works; in Law 11.723 and other applicable norms.

Any claim arising from the information contained on the eDairy News website will be submitted to the jurisdiction of the Ordinary Courts of the First Judicial District of the Province of Córdoba, Argentine Republic, with a seat in the City of Córdoba, to the exclusion of any another jurisdiction, including the Federal.

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

Related news