Russia Looks To Asian Businesses In Dairy Production

Friday, May 20th, 2016 | 524 Views


Businesses in Vietnam and Thailand plan to invest a total of US$3.7 billion in milk and dairy production in Russia, helping the country replace imports affected by trade sanctions on traditional suppliers.

Vietnam’s TH Food Chain JSC, known for its TH True Milk brand, began work on the first phase of its US$2.7-billion milk processing and dairy cow farming project in Moscow. The first phase of the 10-year project, estimated to cost US$500 million, is scheduled to be ready by mid-2017. When it is completed, it will have 350,000 cows farmed on 140,000 hectares of land and can process 5,900 tons of milk a day.

Separately, Russia also signed an agreement with Thailand’s Charoen Pokphand Group (CP Group) and China’s Banner Infant Dairy Products on joint investments in the construction of a US$1-billion milk and dairy complex in the Ryazan region of Russia. The complex will produce 400,000 tons of dairy products—such as pasteurised milk, cheese and sour-milk products—per year.

Both projects are expected to help fill the gap left by banned EU dairy imports and ease Russia’s dependence on Belarus, Uruguay, New Zealand and Argentina.

 

 

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