Three-nation JV opens bakery factory in Long An
Topcake, a Vietnam-Australia-Philippines joint venture, inaugurated a $10 million bakery in Long An province on October 20.
The bakery, which can produce 540,000 cakes a day, is located on a 20,000sq.m site in the Long Hau Economic Zone.
It will produce pastries with a shelf life of up to two months.
The bakery would be fed with wheat flour imported from the US, milk powder from Australia and paper cups from Italy, said Huynh Van Ro, CEO of Topcake JV Co.
Local partner Lam Ngoc Pham has a 30 per cent stake in the joint venture, as does Filipino cake maker Lemon Square under the Big E Food Corporation. The remaining 40 per cent stake is held by Australia-based Cakaroo.
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