Vinamilk to Invest US$25.54Mln Expanding Production

Vinamilk to Invest US$25.54Mln Expanding Production

Vietnam Dairy Product Joint Stock Company (Vinamilk) has a plan to invest VND401 billion (US$25.54 million) in building a brewery and a coffee processing factory in the My Phuoc Industrial Park in the southern province of Binh Duong this year.

Accordingly, the company will invest VND251 billion (US$15.99 million) to build the Huong Viet Beer Plant, which will have a designed capacity of 50 million liters a year.

The coffee processing plant, costing VND150 billion (US$9.55 million), will be capable of turning out 1,500 tonnes of instant coffee and 2,400 tonnes of ground coffee a year.

Currently, the country’s leading dairy products maker has a chartered capital of VND1.59 trillion (US$101.3 million), with the State holding 76.8 per cent, staff and materials suppliers 15.2 per cent and outsiders the remainder.

Vinamilk shares, which has a face value of VND100,000 each, were traded at VND230,000 at the end of last week at the OTC market.

Vinamilk made a net profit of VND450 billion (US$28.7 million) on total revenues of more than VND4 trillion (US$254.8 million) in 2004, compared with VND503 billion (US$32.4 million) and VND3.8 trillion (US$245 million) in 2003.
(Vietnam Economic Times)