On January 16, 2017, a facility known as Tin Nghia Soluble Coffee Plant worth 28 million USD with phase 1 capacity of 3,200 tons, just started in Nhon Trach 3 Inudstrial Park, Nhon Trach District, Dong Nai province.
The plant was equipped with state-of-the-art technology, meeting quality, production safety and environmental friendliness criteria. The plant's products will be marketed mainly in North America, Europe and some countries in the Asia Pacific region.
The Dong Nai People's Committee granted the Investment Certificate thereof. |
An investors’ representative said Vietnam’s soluble coffee exports constantly increased over the years, i.e. 3.8% in 2011 – 2012 and 9.35% in 2015 - 2016. Vietnam is among the world’s top 5 countries of instant coffee among Brazil, Indonesia, Malaysia and India according to the US Agriculture Department
Participants performed the ceremony rituals. |
After market research and due diligence, Tin Nghia and its business partners decided to go ahead with the plant instant coffee project, whereby a business known as Tin Nghia Coffee Joint Stock Company was established in 200 billion dongs capitalization.
Bank signed loan agreement. |
Tin Nghia Coffee JS Company ventured by Tin Nghia, TTC and Maseco. These companies had extensive experience in the field of agribusiness and were in the short list of the 2016 National Brands. Tin Nghia Soluble Coffee Plant scheduled to run in 2018.
Tin Nghia Coffee JSC delivered 100 million dongs to support the plight of Nhon Trach district. |