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.