InVivo’s new river loading dock in Vietnam allows for expansion
Will allow company to expand into the Mekong region
InVivo NSA inaugurated a new river loading dock on the Mekong Delta for its Dong Thap plant in Vietnam on December 4. This new strategic investment will enable the company to accelerate its business development in Vietnam in the Mekong region and develop its export business in Cambodia and Laos.
This investment of EUR2 million ($US$2.5 million) complements Dong Thap's current industrial facilities constituted of an ultra-modern complete feed plant for pork, poultry and ruminants commissioned in January 2013 following an investment of more than EUR7.5 million (US$9.2 million). This plant, with a production capacity of 250,000 tonnes, has advanced equipment to meet the high regional demand for complete feed.
The river loading dock will improve the plant's supply of raw materials (bulk supply) and reduce product delivery costs through the use of barge transportation. It is the first complete feed plant in the region to be equipped with this type of facility which allows the use of the Mekong Delta's 25,000 kilometer natural river network and arroyo system.
In order to further develop growth, InVivo NSA has defined an ambitious 10-year development program for Asia. This plan is based on the establishment of a regional Asia platform in Vietnam. In particular, this will result in the progressive deployment of the company's five activities (complete feed, premix, additives, analysis laboratories, and animal health), an intensification of export activity in SouthEast Asia (Laos and Cambodia), strengthened analysis laboratory activity, and a continuation of the targeted location strategy: opening of a subsidiary in the Philippines and a sales office in Cambodia in 2014.