Tin Nghia puts coffee processing plant into service
Ho Chi Minh City – Dong Nai Province-based Tin Nghia Coffee Company has put into operation an instant coffee processing plant, with total investment capital of US$100 million, to expand its operations in processing coffee and exporting coffee beans.
Staffers at the instant coffee processing plant of Tin Nghia in Nhon Trach 3 Industrial Zone in Dong Nai Province - PHOTO: TIN NGHIA
The company’s chairman, Quach Van Duc, noted that the facility was built on a 5.4-hectare-wide site in Dong Nai Province’s Nhon Trach 3 Industrial Zone. The first phase of the factory, financed with US$30 million, is designed to produce 3,200 tons of coffee products per year.
The output of instant coffee products will reach 5,000 tons per year by end-2019 and 10,000 tons per year by 2021, Duc added.
The plant will apply freeze-drying technology, which helps create high quality of products, to produce instant coffee.
The representative from Tin Nghia said the coffee products will mainly be exported to North America, Europe and some markets in the Asia-Pacific region.
Nguyen Nam Hai, vice chairman of the Vietnam Coffee and Cocoa Association, stated that even though Vietnam is the world's largest robusta coffee exporter, annually earning US$3.2-US$3.7 billion in export revenue, some 90% of the coffee shipped to foreign markets is unbranded raw coffee.
As such, the inauguration of the processing facility is expected to promote the value of Vietnamese coffee products and brands, Dong Nai Chairman Dinh Quoc Thai remarked.
Tin Nghia Coffee Company was established as part of a collaboration between Tin Nghia Corporation, Vietnam’s leading exporter of coffee beans for 20 years; the country’s main sugar producer, Thanh Thanh Cong; and Phu Nhuan Service Joint Stock Company, a farm produce trader.
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