Thai company to build $30 million factory, Betagro

[geovalin]

Khmer Times / Sok Chan

One of Thailand’s leading agricultural groups and a major producer of animal feed will build a $30 million factory in the Phnom Penh Special Economic Zone, company officials announced last week.

Betagro, which makes feed for pigs, ducks, chickens and other animals, is setting up a factory in Cambodia to meet the growing demand for animal feed in Cambodia.

Vasit Taepaisitphongse, the company’s executive vice-president and group chief operating officer, said Cambodia has a lot of potential for investors in the agriculture market, especially in the animal feed industry, where there is high demand of about 600,000 tons per year and the market is increasing, he said.

“Our company has invested about 1 billion baht ($30 million) to build a new factory that is capable of producing about 216,000 tons per year and this factory will produce high quality animal feed for pigs, chickens, ducks and other animals under the names of Be-lac, Betagro, Bio and Balance,” Mr. Vasit said.

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[Srikcir]

Thai investors are finding opportunities in other ASEAN countries rather than in Thailand.

This will accelerate into 2017 as Thailand goes through more political crisis and economic upheaval.