Vinacafe Bien Hoa to Operate Instant Coffee Plant Ahead of Schedule
Vinacafe Bien Hoa JS Co, an affiliate of the Vietnam National Coffee Corp (Vinacafe), plans to operate its third instant coffee factory at Long Thanh Industrial Zone in southern province of Dong Nai in early 2012, one year ahead of schedule.
The VND560-billion factory, the largest of its kind in Vietnam, will have an annual capacity of 3,200 tons of instant coffee products, and 70% of the volume is planned for exports.
Vinacafe Bien Hoa now holds 40% instant coffee market share in Vietnam.
It plans to build another coffee factory in the northern region in the next five years, in order to further tap China, the second largest export market for the company’s coffee products behind the U.S.
Its coffee exports to China are estimated at $8 million per annum.
In 2010, Vinacafe Bien Hoa made a pretax profit of VND170 billion on revenues of VND1.6 trillion, up from VND136 billion and VND1.020 trillion in 2009.
Vinacafe Bien Hoa has received permission from the Hochiminh Stock Exchange (HOSE) to debut 26.58 million shares coded VCF on the bourse Jan. 28. (Financial Investment)
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