TH Group Launches Major Dairy Project in Primorye with 20 Billion Ruble Investment
Source: The DairyNews
Vietnamese dairy powerhouse TH Group has initiated the construction phase of a substantial livestock complex in the Yakovlevsky district, Primorsky Territory, with the project's completion targeted for 2027.
The development is overseen by TH Rus Primorsky LLC, a subsidiary within the Mikhailovsky priority development area.
The ambitious project, backed by an investment exceeding 20 billion rubles, involves the establishment of both a livestock facility housing up to 10,000 cows and a dairy processing plant capable of handling 60,000 tonnes of milk annually. This initiative is part of a partnership with the Far East and Arctic Development Corporation.
Upon completion, TH Group aims to establish a seamless, high-tech production line extending "from pasture to table." Initially, the produced dairy items will be offered in the Russian market, with future prospects including potential exports to Asia-Pacific regions.
Furthermore, TH Rus Primorsky is set to cultivate feed for the cattle and legumes, with plans for both domestic sale and export to markets in the Asia-Pacific.
Ngo Minh Hai, Chairman of the Board of Directors at TH Group, remarked on the progression of their investments in Russia: "Following our successful dairy ventures in Moscow and Kaluga regions, we are excited to mark the beginning of this new chapter in Primorsky Territory with the commencement of this dairy farming and milk processing initiative."
TH Rus Primorsky LLC, established in 2017 in Varfolomeevka, Primorsky Territory, operates under TH - Rus Milk Food based in Volokolamsk.
The ambitious project, backed by an investment exceeding 20 billion rubles, involves the establishment of both a livestock facility housing up to 10,000 cows and a dairy processing plant capable of handling 60,000 tonnes of milk annually. This initiative is part of a partnership with the Far East and Arctic Development Corporation.
Upon completion, TH Group aims to establish a seamless, high-tech production line extending "from pasture to table." Initially, the produced dairy items will be offered in the Russian market, with future prospects including potential exports to Asia-Pacific regions.
Furthermore, TH Rus Primorsky is set to cultivate feed for the cattle and legumes, with plans for both domestic sale and export to markets in the Asia-Pacific.
Ngo Minh Hai, Chairman of the Board of Directors at TH Group, remarked on the progression of their investments in Russia: "Following our successful dairy ventures in Moscow and Kaluga regions, we are excited to mark the beginning of this new chapter in Primorsky Territory with the commencement of this dairy farming and milk processing initiative."
TH Rus Primorsky LLC, established in 2017 in Varfolomeevka, Primorsky Territory, operates under TH - Rus Milk Food based in Volokolamsk.
