TPH Group Chairman attended Understanding Memorandum Signing Ceremony

On the afternoon of January 22, 2021, Thanh Hoa Provincial People’s Committee held a conference to sign a memorandum of understanding with Russian AVG Capital Partners Group on the implementation of the project of Pork Processing Complex.

Overview of the conference.

Attending the signing ceremony was Mr. Nguyen Van Thi, member of the Provincial Standing Committee, Vice Chairman of the Provincial People’s Committee; Mr. Nguyen Tien Hieu, member of the Standing Committee of the Provincial Party Committee, Head of Management Board of Nghi Son Economic Zone and Industrial Zones of the province; leaders of relevant departments, departments and agencies of the province and representatives of Tonmat Corporation – a unit authorized by AVG Group in Vietnam and Mr. Trinh Ngoc Khanh- Chairman of Tan Phuc Hung Group JSC.

AVG Capital Partners Group (Russian Federation) is a unit operating in the fields of agriculture, animal feed production, meat processing and sugar production. This is the 20th ranked unit in terms of output and 3rd in terms of business efficiency in the pork processing sector in Russia. With a long-term development plan, AVG Group has researched and invested in the Pork Processing Complex in Nghi Son Economic Zone, Thanh Hoa province with a total investment of about 1.4 billion USD. With a pig farm scale of 5 million heads / year, an area of at least 1,000 ha; of which, there are 43 commercial pig farms and 3 hybrid pig farms; mixed feed factory with a capacity of 2 million tons / year; slaughterhouse and processing plant with a capacity of 0.6 million tons / year with a total area of about 400 hectares, the project is divided into 3 phases and 2 groups suitable for each construction phase depending on financial conditions.

The signing ceremony. Chairman of Board of Tan Phuc Hung Group JSC – the second one from the left.

Speaking at the conference, Mr. Nguyen Van Thi, Member of the Standing Committee of the Provincial Party Committee, Vice Chairman of the Provincial People’s Committee would like to thank and welcome AVG Group for brief introduction to investors about potentials, strengths, geographical location, transport infrastructure, connectivity betweenThanh Hoa province and other cities in the country and the world. This will be one of the great advantages for investors. Thanh Hoa province has also continuously improved its business investment environment and currently, there are many large investment projects in Nghi Son economic zone and industrial zones.

The representative of AVG Group affirmed that when the project is implemented in Thanh Hoa province, it will bring many benefits to the locality, especially the benefits of economic development, budget, and job creation for employees and promote the development of food processing technology according to international standards in the province. In the investment process, the representatives of AVG Group will comply and well implement the policies and laws of Vietnam; especially the issue of environmental protection.

At the conference, Mr. Nguyen Tien Hieu, Head of the Management Board of Nghi Son Economic Zone and Industrial Zones of the province and representatives of the unit authorized by AVG Group in Vietnam signed a memorandum of understanding on the implementation of the Project of Pork Processing Complex in Nghi Son Economic Zone, Thanh Hoa province.

Source: https://baothanhhoa.vn/