Vietnamese dairy producer TH Milk has broken ground on a new milk facility in Borovsk as part of its planned investment in Russia.
The facility, which will have a capacity of 1,500 tonnes of raw milk per day, results from an investment of more than $630 million. The project is set to provide innovative solutions for increasing the productivity of milking herd and modern technological solutions, including automatic feeding and milking systems.
The company also announced five purpose-built farms in Moscow and Kaluga regions to source milk for the plant. At the same time, TH Milk expects to launch a proprietary distribution network by 2020.
Commenting on the news, TH Milk founder Thai Huong said: “TH produces agricultural products of international quality standards. The cooperation of RDIF (Russian Direct Investment Fund) and TH Group will make a significant contribution to the restructuring of Russian Federation agriculture, giving Russian consumers the most benefit, which are good and healthy products purely from nature from their own land, and to give the Russians the right to be proud of their land”.