{"id":329992,"date":"2024-10-17T01:02:47","date_gmt":"2024-10-16T17:02:47","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329992"},"modified":"2024-10-17T01:19:24","modified_gmt":"2024-10-16T17:19:24","slug":"trade-the-news-aev-opens-45-million-vietnam-feed-mill","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-aev-opens-45-million-vietnam-feed-mill\/","title":{"rendered":"Trade the News: AEV opens $45 million Vietnam feed mill"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Aboitiz Equity Ventures<\/td><\/tr>
Stock Code<\/strong><\/td>AEV<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Hold<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 52.58<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Aboitiz Foods, the integrated food and business arm of Aboitiz Equity Ventures (AEV), inaugurated last week its $45-million modern feed mill in Vietnam as it seeks to solidify its footprint in Southeast Asia.<\/p>\n\n\n\n

The company opened its Gold Coin Long An Feed Mill in Long An, Vietnam that spans 3.8 hectares and features cutting-edge technology and a modern laboratory, capable of producing 300,000 metric tons (MT) of livestock and animal nutrition feed annually.<\/p>\n\n\n\n

The new facility replaces the firm\u2019s Dong Nai Mill and complements its fully operational Binh Duong plant, bringing Aboitiz Foods\u2019 total feed production capacity in Vietnam to 1.1 million MT.<\/p>\n\n\n\n

The new feed mill plays a crucial role in meeting the growing demand for high-quality animal nutrition in southern Vietnam, Aboitiz Foods said.<\/p>\n\n\n\n

\u201cThis inauguration is a significant milestone not only for Aboitiz Foods and our Gold Coin Feed-Agribusiness Division but the entire Aboitiz Group,\u201d said Tristan Aboitiz, Aboitiz Foods president and CEO.<\/p>\n\n\n\n

\u201dVietnam is a key market of ours and this new facility reinforces our strong position in the country and marks a significant step in building our regional feed platform,\u201d Aboitiz added.<\/p>\n\n\n\n

The feed mill facilitates efficient trade of finished goods and raw materials, reducing customers\u2019 time and costs, as it is situated near a long river route with a private port.<\/p>\n\n\n\n

This strategic location enhances food supply and safety chains for central, southern, and Mekong Delta provinces, supporting sustainable growth and employment and ultimately contributing to the economy of Long An province, Aboitiz Foods said.<\/p>\n\n\n\n

(News Source: Philippine Star<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-329992","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=329992"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329992\/revisions"}],"predecessor-version":[{"id":329994,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329992\/revisions\/329994"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}