Aboitiz unit opens China feedmill 

Gold Coin China, a subsidiary of Aboitiz Equity Ventures Inc.’s (AEV) Pilmico and Gold Coin Group, on Monday said it has increased its animal feed production capacity after completing its new feedmill in Yunan, China, according to a report by BusinessMirror.

The company said the facility is currently “the largest comprehensive feedmill” in Yunnan Province. 

The project, which required an investment of $23.1 million, began in 2022. The feedmill has a capacity of 150,000 metric tons (MT), with near-term plans to expand to 290,000 MT. The facility has 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 feedmill production. 

It has commenced commercial production last month 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 an even 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 Tristan Aboitiz, Pilmico and Gold Coin Group president and CEO.

“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. 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.”

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

AEV had said its food business under Pilmico and Gold Coin Group will get P4 billion as capital expenditure this year, to be used mostly for its agribusiness expansion projects.