17:42 (GMT +7) - Tuesday 25/09/2018

Vietnam Today

Construction underway at TH Group's Russian dairy plant

Released at: 16:44, 08/09/2018

Construction underway at TH Group's Russian dairy plant

TH Group Chairwoman Thai Huong (L) welcomed Party General Secretary Nguyen Phu Trong (second from right) at the ceremory to start construction of the Group's dairy factory (Photo: VNA)

Party Chief at ceremony to kick-off construction at plant in Kaluga Oblast.

by Long Van

Giant local dairy producer the TH Group held a ceremony on September 7 to begin construction of its new plant at the Kaluga Special Economic Zone in Kaluga Oblast, one of Russia’s most economically-developed localities, according to a report from the Vietnam News Agency.

Party General Secretary Nguyen Phu Trong, who was touring Kaluga Oblast as part of his official visit to Russia between September 5 and 8, attended the ceremony together with many Vietnamese and Russian officials.

TH Group Chairwoman Thai Huong was speaking at the ceremony (Photo: VNA)

The plant is expected to become one of the biggest and most modern of its kind in Russia. The $150-million facility will cover 14 ha and produce 1,500 tonnes of milk products each day once operational.

TH has invested $2.7 billion in dairy cattle farming and high-tech milk processing complexes, along with food-related projects, in Moscow Oblast, Kaluga Oblast, Primorsky Kray, and the Republic of Bashkortostan.

General Secretary Trong applauded the efforts of the Group, the first private Vietnamese enterprise to invest in Russia’s agriculture sector, calling the plant the beginning of a new trend in the bilateral investment partnership between Vietnam and Russia.

He voiced a hope that more Vietnamese enterprises would invest in Russia and produce high-quality products, create jobs, and contribute to local development.

User comment (0)

Send comment