Vietnam's TH Group plans to open dairy plant in Russia's Kaluga Region in May - governor
Sourse: interfax.com
Vietnam's TH Group is set to launch the first line of a dairy plant in Russia's Kaluga Region in May, with the investment estimated at $155 million.
Vietnam's TH Group, a major dairy products manufacturer, is preparing to inaugurate the first phase of its dairy plant in Russia's Kaluga Region in May.
The regional governor, Vladislav Shapsha, communicated this development via his Telegram channel, highlighting that the construction and installation work at the site is nearing completion and equipment installation is underway.
Originally, the project, which began in 2018, was projected to launch its first stage in 2019, with full capacity anticipated by 2021.
However, delays have led to its inauguration being postponed to 2025. The investment value of the plant stands at $155 million, reflecting TH Group's significant venture into the Russian market.
The regional governor, Vladislav Shapsha, communicated this development via his Telegram channel, highlighting that the construction and installation work at the site is nearing completion and equipment installation is underway.
Originally, the project, which began in 2018, was projected to launch its first stage in 2019, with full capacity anticipated by 2021.
However, delays have led to its inauguration being postponed to 2025. The investment value of the plant stands at $155 million, reflecting TH Group's significant venture into the Russian market.
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