Local soymilk giant opens second phase in northern province, joining first plant in Vietnam with a third to come.
The Vietnam Soya Products Company (Vinasoy) officially opened the second phase of the VinaSoy soymilk production facility in northern Bac Ninh province on August 25.
With an area of 61,000 sq m at the Tien Son Industrial Park (IP), the facility will have a designed capacity of 180 million liters per year once completed, with total investment for both phases of more than VND1.28 trillion ($56.8 million).
“In our 18 years of development we have always believed in the good nutritional value of soybeans,” Mr. Ngo Van Tu, Managing Director of Vinasoy, said. “We constantly strive every day to improve our production to best meet the nutritional needs of the community. We will try incessantly, bringing modern science and technologies into our production to maximize the value of nutrients to consumers.”
With this facility in Bac Ninh and another in central Quang Ngai province, Vinasoy is determined to increase production of its soymilk to over 1.5 billion products per year, ranking it in the Top 5 largest soymilk producers in the world.
Vinasoy kicked off construction of the Bac Ninh facility in August 2012, with a designed capacity in the first phase of about 90 million liters per year and investment of over VND607 billion ($29.7 million).
The company holds more than 82 per cent of the soymilk market share in Vietnam and will improve its position in the future. It will kick off construction of its third plant, at the VSIP 2A Industrial Park in southern Binh Duong province, in September.
- Vietnam Soya Products Company
- VinaSoy soymilk production facility
- the second phase
- Bac Ninh
- 180 million liters
- VND1.28 trillion