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Foreign investors eye cassava processor
Business investors from Europe, Asia and America could soon be joining forces with a local cassava powder producer after they visited the Lao-Indochina Group Co Ltd's tapioca factory in Vientiane on Monday.
The businesspeople, representing almost 20 companies from Australia, Germany, India, USA and UK, visited the tapioca factory in Pakngum district, as part of a study tour of business opportunities in Laos.
“Lao-Indochina is a very well managed and fast moving company in the agricultural processing sector,” said Leopard Capital Managing Partner Mr Kenneth Stevens during the visit.
“The sector is one of the favourite areas for investment,” said Mr Stevens, who was the team leader of the study tour.
The visit introduced businesspeople to the operations of the Lao-Indochina Group Co Ltd, as they observed the quality of management and operations of businesses in Laos.
Most of the group had never visited Laos before and hadn't realised Laos has quality companies that are accessible to foreign investors.
“ The study will display the professionalism of Lao companies to these investors. If they are interested, cooperation could follow in the near future,” Mr Stevens said.
Lao-Indochina is known for its good management, processing methods and supp ly structure.
It operates cassava plantations in Borikhamxay and Vientiane provinces as well as in Vientiane on a total area of 10,500 hectares, providing income for more than 1,220 families. Some 90 percent of its products are exported to China while the rest is sold locally.
The Lao-Indochina Group recently received two international standard certificates from the United Registrar of Systems (URS) South East Asia Co Ltd, under URS UK.
The certificates are the international standard ISO-9001:2008 in recognition of the company's quality management and good manufacturing practice in food hygiene.
Leopard Capital brought the potential investors to Laos to see examples of professional operations with modern management, processing and supply systems.
Delegates were shown a variety of business operations in the areas of energy generation, agriculture, processing and production, mining and finance.
Leopard Capital enters pre-emerging economies as a pioneer investor, guiding on-site teams into uncommon opportunities, according to its website.
It has made nine investments in Cambodia and Laos, in mobile telecoms, hydropower, electricity transmission lines, banking, microfinance, beer production, seafood processing, housing development and professional services.
vientiane times
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