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Sojitz Corporation works with Kyodo Shiryo Company – make of animal feed leading Japanese – to build a factory for animal feed in Vietnam. Two companies formed a joint venture company in which Sojitz Corp holds 51% equity and Kyodo Shiryo Company holds 49% equity. The joint venture will spend about 2 billion Yen to build factory plants feed in Long An province. It is expected that plant will begin operation in March of 2013 with total capacity of 200,000 tons/year. The company plans to increase the capacity if the plant to 2 million tons/year and sales of nearly 80 billion Yen/year in 2020. The firms accounted for 10% market share providing food for cattle in Vietnam in 2020. Along with the sale of products in Vietnam, two companies plan to make Vietnam become a production base for export to other countries in Southeast Asia. Website: www.ksf.com.vn
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