Hoa Phat Group has formally involved in the agricultural sector since the beginning of 2015 with the establishment of the Hoa Phat Feeds Trading and Producting One member Co., ltd, which has a charter capital of VND300 billion, investing the first feeds factory with capacity of 300,000 tons per year at Pho Noi A Industrial Zone – Hung Yen, the Industrial Zone invested by HPG.
Currently, the Group has expanded array of animal feed production in the southern region with the establishment of Hoa Phat Dong Nai Feed Co., Ltd. The company is investing the second animal feed factory of the Group in Long Khanh Industrial Zone – Dong Nai province with a capacity of 300,000 tons per year, increasing the capacity of the feed products of Hoa Phat to 600,000 tons per year by the end of 2016.
Also in the agricultural segment, Hoa Phat Livestock Development JSC (formerly Hoa Phat Mining JSC) is a subsidiary company of the Group that focuses on the field of feeding sows, pigs in some local with charter capital of VND300 billion …
Besides the steel core segment, industrial production in the agricultural sector will be a long-term strategy of the Group. Hoa Phat will prioritize resources for this new business segment in the coming years. For the large-scale feeds and food development, Hoa Phat Group targets to reach production of over 1 million tons of animal feed and 1 million pigs by 2020.