Vinamilk and GTNFoods to buy 39.2 million shares of Mộc Châu Milk
A cattle farm run by Moc Chau Milk, a sub-unit of GTNFoods JSC. — Photo courtesy of Moc Chau Milk HÀ NỘI —
Vinamilk and Japan’s Sojitz Corporation held the groundbreaking ceremony of the 75.6-hectare Vinabeef Tam Dao complex yesterday, March 8.
The complex consists of a beef cattle farm that will be able to raise up to 10,000 head per year and a beef processing facility that can process nearly 30,000 head per year.
Mai Kieu Lien, CEO of Vinamilk, said the project would be executed and operated in a closed process, including cattle farming, processing and distribution.
Vietnam Dairy Products (Vinamilk) holds a 51% stake in Vinabeef Tam Dao and Sojitz the remaining 49%.