MARKET ANALYSIS

ALLTECH OPENS VIETNAM’S FIRST ORGANIC MINERAL PRODUCTION FACILITY

Alltech opened its newest Bioplex® plant, the first organic mineral production facility in Vietnam. The state-of-the-art manufacturing plant is Alltech’s eighth mineral production facility worldwide. The plant’s production capacity is 7,000 metric tons per year, and it has the potential to create 100 new jobs, while being conveniently located to serve local customers and support import/export activity. Alltech’s Bioplex® range of minerals is supported by more than 21 years of research and offers higher bioavailability to animals than inorganic minerals. The minerals are readily absorbed, stored and utilized by the animal, supporting overall health, immune status and reproductive function. “Our investment in enhancing our mineral production in Asia reflects our confidence in the market’s continued growth and our alignment with our customers’ commitment to better nutrition from farm to market,” said Mark Lyons, president and CEO of Alltech. Feed production in Vietnam increased nearly 7% in 2021, according to the Alltech Agri-Food Outlook. Vietnam’s total feed production in 2021 was 18.5 million metric tons, with aquafeed production increased by 40% in 2021 to 6 million metric tons. The production facility in Vietnam was engineered to reduce the environmental impact of production. The facility is also certified by ISO 22000:2018, which sets out the requirements for a food safety management system. The new facility also utilizes the Alltech Q+ (Quality Plus) Program, a mineral quality control program unique to Bioplex trace minerals that guarantees quality, safety and performance in every batch.