Louis Dreyfus and HAID started a new feed mill construction in China
Louis Dreyfus Company (LDC) and Guangdong HAID Group Co. Ltd. (HAID) started the construction work on a new feed mill in Tianjin, China, to be built and operated by a joint venture, Tianjin Rongchuan Feed Co. Ltd.
Under the partnership agreement signed by the two companies in December 2018, the mill will produce high-end aquatic feeds, including prawn feeds, as well as fermented soybean meal.
“We are very pleased to begin work on LDC’s first aqua feed facility in partnership with HAID — the world’s largest aqua feed producer,” said Margarita Louis-Dreyfus, Chairperson of Louis Dreyfus Holding B.V. “This latest development in China underlines once again the importance we place on partnerships, as we implement our growth strategy.”
Situated on a 53,000 m² plot of land and strategically located at the center of the Beijing-Tianjin-Hebei economic zone, the site is expected to open by mid-2020, with an annual feed production capacity of 300,000 metric tons.
Earlier the company informed about the provision of a USD 35 million senior loan to finance the acquisition of up to 1,000 grain hopper railcars in Ukraine.