Dairy giant to double output of soya milk

The Viet Nam Soya Product Company (Vinasoy) launched the second and final phase of its soya milk factory in the Tien Son Industrial Zone in northern Bac Ninh province on Wednesday.

The move will allow the firm to double its output to 180 million litres of soya milk per year and meet increasing demand for soya milk in the northern market.

Construction on the second phase began in August 2012, requiring a total investment of over VND650 billion (US$31 million).

The new factory covers 61,000sq.m and is equipped with modern packaging and processing machines from Swedish company, Petra Tak.

According to a market survey conducted in June by global information and measurement company, Nielsen, Vinasoy is the leading Vietnamese enterprise in the manufacture of soya milk products, commanding a 78 per cent share of the total market.

Vinasoy reported a total revenue of approximately VND1.9 trillion ($90.5 million) last year; a figure that is expected to hit VND2.44 trillion ($116.2 million) in 2013.

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