Country's largest dairy producer builds two robot-operated factories
Vinamilk, Vietnam's largest dairy producer and on the waiting list to becoming Asia’s 50 best public traded companies in the Asia-Pacific region, is building two dairy processing factories in the southern province of Binh Duong which will be operated by robots.
The Hanoitimes - Vinamilk, Vietnam's largest dairy producer and on the waiting list to becoming Asia’s 50 best public traded companies in the Asia-Pacific region, is building two dairy processing factories in the southern province of Binh Duong which will be operated by robots.
Vinamilk said that as it is striving to become one of amongst the top 50 largest dairy enterprises in the world with turnover of 3 billion USD in 2017, the company must construct factories whose operations are hi-tech. Currently Vinamilk is standing at 53rd position in the globe.
The total investment for the milk processing factory will be around 4 trillion USD (nearly $200 million). In the first phase, the factory will produce 400 million litres of milk in a year and in the second phase it will produce 800 million litres.
The second factory will make formula Dielac, producing 54,000 tons a year.
According to Vinamilk, the company revenues in the first nine months stood at 21 trillion VND ($1 billion) a 25 percent year-on-year increase. Profits before tax were 4 trillion VND, a 35 percent year-on-year increase. In 2012, it is estimated that Vinamilk’s turnover will be around 26,500 billion VND.
In 2010, Vinamilk also received the Forbes Asia 2010 Best Enterprise Award among Top 200 Best Enterprises in Asia, while its CEO and chairwoman, Mai Kieu Lien, was among the 50 path-breakers on the list of
In related news, the food processing company VISSAN opened its 98th convenience food store in the country, as part of its strategy to expand in the domestic market.
14:11, 2024/11/04
Vietnam news in brief - November 4
Read The Hanoi Times to find out what is happening in the country.
14:17, 2024/11/02
Vietnam news in brief - November 2
The Hanoi Times News in Brief provides the latest developments in the country.
04:53, 2024/11/02
Vietnam opposes China’s military activities on Tri Ton Island
Vietnam demanded that China respect its sovereignty in the East Sea (South China Sea), release the fishermen and their boats, and compensate them.
16:14, 2024/11/01
Vietnam to study BRICS statute: Spokesman
Vietnam has been and will continue to be an active and responsible actor in multilateral mechanisms and forums.
15:21, 2024/11/01
Vietnam news in brief - November 1
Read The Hanoi Times News in Brief for the latest developments in Vietnam.
11:47, 2024/10/31
Vietnam news in brief - October 31
Read The Hanoi Times news roundup for the latest developments in Vietnam