Topcake, a Vietnam-Australia-Philippines joint venture, inaugurated a 10 million USD bakery in Long An province on Oct. 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 percent stake in the joint venture, as does Filipino cake maker Lemon Square under the Big E Food Corporation. The remaining 40 percent stake is held by Australia-based Cakaroo.
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 percent stake in the joint venture, as does Filipino cake maker Lemon Square under the Big E Food Corporation. The remaining 40 percent stake is held by Australia-based Cakaroo.
