Japanese firm to build coffee processing plant in Vietnam
Marubeni Corporation of Japan said it plans to invest 12.7 billion JPY (117.7 million USD) for building an instant coffee processing plant in an industrial park in the southern province of Ba Ria - Vung Tau.
The headquarter of Marubeni in Japan (Source: AFP/VNA)
This will be the second coffee processing plant of the Japanese firm following another one in Brazil.
Construction of the plant is scheduled to begin in 2020, with an initial capacity of 16,000 tonnes of products/year. Marubeni said it would double the capacity of its plant after the facility becomes operational.
According to Nikkei Daily, the demand of coffee in Southeast Asia and China has increased over 5 percent along with the rise of the middle class.
By establishing a processing plant in Vietnam - the second largest exporter and producer of coffee in the world after Brazil - Marubeni hopes to have a stable supply for producing and exporting coffee to Southeast Asian markets and China./.
VNA
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