Vinamilk focuses on exports to the US, Middle East

January 29, 2015 | 09:47

(0) user say

The Viet Nam Dairy Products Joint-Stock Co. (Vinamilk) will focus on exploiting Middle East, Africa, Cuba and US markets as its primary export strategy for the next three years.

Last year, Vinamilk produced and launched 5 billion dairy products of all kinds into the market to serve domestic consumers. - VNS Photo

The purchase of a 70 per cent stake of the US Driftwood dairy factory has brought the company good business results, with revenue of more than VND2,600 billion last year.

The company's total revenue reached nearly 36,000 billion, an increase of nearly 14 per cent compared to 2013.

Last year, Vinamilk produced and launched 5 billion dairy products of all kinds into the market to serve domestic consumers.

According to market research company Nielsen, Vinamilk takes the lead in sales and revenue in the group of fresh milk brands in Viet Nam.

The survey was conducted in 36 provinces and cities from October 2013 to September 2014 through traditional and modern distribution channels.

To reach the revenue target of $3 billion and be included on the list of the world's top 50 biggest dairy firms by 2017, the company will also develop key export markets such as Cambodia, Poland, and Europe.

Last year, the company broke ground for factory construction in Cambodia with total investment of $23 million.

This year, when the factory is put into operation, revenue for the first year is expected to reach $35 million and will possibly increase in the coming years.

The company has also invested $3 billion in a company in Poland. The newly established company will provide agricultural products and poultry to support key items of Vinamilk.

In addition, the company has bought a 19.3 per cent of stake of New Zealand's Miraka factory to develop exports.

RELATED CONTENTS:
	Vinamilk increases purchases of raw fresh milk
	Vinamilk suffers 16% fall in net profit
	Vingroup, Vinamilk ranked amongst ASEAN’s top 100 businesses
	Vinamilk and Masan dominate leadership positions in Kantar Worldpanel latest rankings
	Vinamilk plans Polish subsidiary
	Vinamilk grasps market share rather than profits
	Vinamilk imports 5,000 cows from Australia
	Vinamilk expands world market
	Vinamilk licensed to build $23 mln milk plant in Cambodia
	Vinamilk buys US dairy firm
	Vinamilk inaugurates $114 million fresh milk plant
	Vinamilk leads Forbes VN's list of top 50
	Vinamilk raises milk cows in Thanh Hoa
	Vinamilk invests heavily in dairy farming
	Vinamilk licensed to build plant in Cambodia
	Vinamilk milks the market
	Vinamilk to operate two new dairy plants
	Two Vietnamese CEO among top 50 businesswomen in Asia
	Vinamilk executive named Asia’s best CEO
	Vinamilk to build two new dairy plants
	Vinamilk’s thirst for bigger market share
	Vinamilk’s chief listed among Asia’s best CEO’s
	Vinamilk gains a foothold in Thai market
	Vinamilk opens milk factory in New Zealand
	Vinamilk’s New Zealand plant begins operation
	Vinamilk offers scholarships to primary students
	Vinamilk comes to bourse’s rescue
	Vinamilk milking the market for healthy profits
	Vinamilk SGX plan turns sour
	Vinamilk focuses on exports to the US, Middle East