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Skretting Vietnam plans $28M factory

Skretting has announced plans to construct a new factory this year as part of its commitment to aquaculture in Vietnam. 

This new, state-of-the-art factory is estimated to cost €24 million, or about US$28 million. It will be located next to Skretting Vietnam’s existing facilities in Thuan Dao Industrial Zone, Long An and is expected to supply an annual capacity of 100,000 tonnes of feed to the broader southeast Asia region.

“This new factory in Vietnam is a logical and necessary step towards strengthening Skretting and Nutreco’s position as a global competitor in Asia,” said Therese Log Bergjord, Skretting CEO. “We have a very solid growth strategy, matched with the huge potential of the sector. We have activated an expert team to make sure we deliver, and I’m excited to see how we continue to grow in the coming years.”

Skretting first expanded to Vietnam with the acquisition of shrimp feed company Tomboy Aquafeed JSC in 2010. With existing facilities at full capacity, Log Bergjord said the company hopes this new factory can help keep up with market demand.