TH Group broke ground on colossal project in Russia
TH Group broke ground on colossal project in Russia
The Vietnamese government will continue offering the best support to locally-owned TH Group’s gigantic concentrated project to produce dairy cows and fresh milk in Russia.
On May 18, 2016, Prime Minister Nguyen Xuan Phuc has attended the ground breaking ceremony of the first stage of TH Group’s $2.7 billion hi-tech concentrated dairy and fresh milk production project in Russia’s Moscow and Kaluga oblasts.
“The government will give the most favourable conditions to the project. I do believe that the project will be implemented effectively,” Phuc said. “The project will become a typical agricultural co-operation project between Vietnam and Russia, further contributing to the two countries’ bilateral co-operation.”
TH Group, which possesses the TH true MILK brand name, will build this project with the financial consultancy of BAC A BANK.
The project, which will cover 140,000 hectares, will be deployed in three stages, from now to 2026.
Specifically, the first stage will cover 20,000ha. It will be focused on constructing three clusters of dairy farms, auxiliary facilities, an office area, workers’ hostel, and a fresh milk processing mill having a daily capacity of 800 tonnes.
This stage will likely have 45,000 cows, of which 21,600 will be milked.
It is expected that in mid 2017, the first milk products will be marketed.
After full completion of the three stages’ construction, the project will have 350,000 dairy cows, with a total daily capacity of 5,900 tonnes, tantamount to almost 1.8 million tonnes per year.
The project will use state-of-the-art technologies imported from world-famous livestock production technology developers such as Israel’s Afimilk, Germany’s GEA, Sweden’s Delaval, and the US’ BouMatic.
Phuc said that he expected Russia’s government to maximise their support to this project.
TH’s chairwoman Thai Huong said that this project was given great support from Russia’s government.
“Russia is reforming its agricultural sector via a series of incentives for investors. And now we are here to help Russia further develop its milk industry. We hope that TH true MILK will become a big brand name in Rusisa,” she said.
