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Pilmico beefs up feedmill capacity in China

Business | The Stock Market

Pilmico beefs up feedmill capacity in China

By James A. Loyola

Gold Coin China, a subsidiary of the Aboitiz-led Pilmico and Gold Coin group, increased capacity with the completion of its new $23.1 million feed mill in Yunnan, China.

In a statement, Pilimico parent company Aboitiz Equity Ventures said this feedmill is currently the largest comprehensive feedmill in Yunnan Province.

The project started construction in 2022 and now boasts a capacity of 150,000 metric tons (MT). Near-term plans are to expand to 290,000 MT, with a future maximum capacity potential of 500,000 MT.

Equipped with the latest equipment and technology, Pilmico and Gold Coin group’s Yunnan facility aims to set new standards in feed mill production.

It started commercial production last June 2024 and is expected to produce 75,000 MT this year. This feedmill will cater to more species, including swine, poultry, aqua, ruminants, and premix, and reach a broader customer base.

“The launch of this new facility in Yuxi, Yunnan Province, is a testament to our commitment to expand our presence in key markets through investments in more efficient facilities across the region," said Pilmico and Gold Coin Group President and CEO Officer Tristan Aboitiz.

“For this feedmill specifically, we worked with key stakeholders to embed some of the latest technology and automation equipment to enhance our processes and optimize feedmill efficiency," he added.

“This mill is the second of its kind in our China-based operation. It will ensure that our customers are provided with the highest quality feed across multiple categories,” Aboitiz also said.

The Yunnan feedmill forms part of the Aboitiz Group’s food and agribusiness subsidiary’s strategic moves to strengthen its feedmill capacity in the Asia Pacific, alongside the upcoming 200,000 MT feedmill in Long An, Vietnam.

Related Tags

Gold Coin Group Aboitiz Equity Ventures Pilmico

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