KIDO eyes northern market, opens yoghurt, ice-cream plant
KIDO eyes northern market, opens yoghurt, ice-cream plant
Food manufacturer KIDO Group on Wednesday opened a frozen food manufacturing unit at the Viet Nam – Singapore Industrial Park in the northern province of Bac Ninh.
Thought to be the biggest plant of its kind in the northern region, it has an annual capacity of 9,000 tonnes of yoghurt and 6,000 tonnes of ice-cream.
Built at a cost of VND400 billion (US$18 million), the plant has advanced technologies imported from Europe and Japan.
It is part of KIDO’s strategy to expand its frozen food business in the north and become the leading food producer in Viet Nam and Southeast Asia.
Frozen foods now contribute around VND1.5 trillion to the group’s annual revenues, and the segment has been growing at an average of 25 per cent in the last 10 years.
Revenues from ice-creams and yoghurt are expected to increase by 35 per cent this year.
According to Euromonitor International, KIDO was the leader in ice-cream market last year with a market share of nearly 37 per cent.
