A foreign agricultural conglomerate will invest $200 million to create an export hub in Vietnam to take advantage of its TPP membership.
The hub would be for the company’s poultry and pork businesses.
The company is hoping to take advantage of Vietnam’s membership of the Trans-Pacific Partnership trade deal, which gives the country more advantageous trading terms with other members.
They are also planning to boost shrimp exports with the backing of the Vietnamese government. It plans to increase its shrimp farming capacity in the country to 50 billion units a year from the current 12 billion.
FG Wilson has supplied standby power in several of these new poultry, pork and shrimp farms located in various provinces over Vietnam. There are 2 x P500-3 in chicken farm located in Binh Phuoc province. There will be 12 more units installing in three other provinces in Vietnam.
As part of the continuous expansion, there are estimated more than 45 units by 2020. FG Wilson is proud to do it part in providing backup power to the growing agricultural industry in Vietnam.