Vinamilk Sees Revenue Doubling in Overseas Expansion Push

Vietnam Dairy Products Joint-Stock Co., the nation’s largest dairy producer, is building a milk factory in Cambodia as it plans a global expansion to more than double annual revenue to $3 billion by 2017. The company known as Vinamilk is opening a plant in the capital of Phnom Penh and will expand into other overseas markets over the next five years, Chairwoman and General Director Mai Kieu Lien said in an e-mailed response to questions yesterday. ... Construction of the Cambodian factory is set to begin in the second quarter of next year and the production start is scheduled for July 2015, the company said. Vinamilk will hold a 51 percent stake in the plant through a joint venture with a Cambodian partner, according to Lien. The 2.7-hectare factory would produce condensed milk, yoghurt and milk sterilized at ultra-high temperatures. Vinamilk is awaiting approval from Cambodian authorities to start construction. ... Vinamilk will have the first-mover advantage in Cambodia as that market expands, said Droppert. In the next five years, Vinamilk, which already exports products to Cambodia and the Middle East, wants to expand to markets overseas to boost annual sales growth 15 percent to 20 percent, said Lien. ...

 Bloomberg News Staff
http://www.bloomberg.com/news/2013-09-30/vinamilk-sees-revenue-doubling-in-overseas-expansion-push.html