A CP Vietnam pork shop in Ca Mau province. This company will build a pig slaughter plant in Hanoi with the largest capacity in the northern region. (Photo: thoibaokinhdoanh.vn) Hanoi (VNA) - The CP Livestock Joint Stock Company (CP Vietnam) expects to put a pig slaughter plant into operation at the end of this year at the Phu Nghia Industrial Park in Hanoi’s outlying Chuong My district with a total investment of 450 billion VND (19.3 million USD).
This is the plant with the largest capacity in the northern region at 4,000 pigs per day. The project is built with production lines using modern technology to produce high quality pork for domestic consumption and export, according to the company.
CP Vietnam Deputy General Director Vu Anh Tuan said with this project, the company expects to reduce intermediaries in trading pork on the domestic market, leading to lower pork prices.
This is the second project of CP Vietnam at the Phu Nghia Industrial Park. The first one is the Hanoi Meat Processing Factory that has a total slaughtering capacity of 4,000 pigs per day. The first phase of the project will be completed with a capacity of 2,000 pigs per day at the end of this year.
CP Vietnam is one of the 15 large livestock enterprises in Vietnam which has been requested to reduce live hog price to 70,000 VND per kilo by the Prime Minister to stabilise the domestic pork market./.
VNA
