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Vinamilk keeps stake in Angkor dairy plant

Vinamilk keeps stake in Angkor dairy plant

Vietnamese dairy giant Vinamilk has appointed Angkor Dairy Products Co Ltd as the official distributor of Vinamilk products in Cambodia following the closure of its local representative office last month.

Manoj Nutchanart, a representative for Angkor Dairy Products, also known as Angkormilk, said Vinamilk’s decision to close the office would not affect operations of its milk processing factory in Phnom Penh.

“Angkormilk (AKM) will run the production of dairy products under the Angkormilk brand for sale in Cambodia, while Vinamilk products will be imported by AKM for selling in the Cambodian market too,” Nutchanart said yesterday.

Vinamilk received an investment license to build and operate a $23 million dairy products plant in Phnom Penh Special Economic Zone in 2014. Vinamilk has a 51 per cent share in the facility, while Angkor Dairy Products owns the remaining share.

The 27,000-square-metre factory aimed to produce 19 million litres of liquid milk, 64 million jars of yogurt and 80 million cans of condensed milk annually.

Nutchanart said Vinamilk’s interest in the factory would remain unchanged.

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