S Korea’s SunJin to invest $3m in breeder farm business in Myanmar

SunJin, a leading S Korean livestock and animal feed company, is investing $3 million in Myanmar to set up its breeder farm business.

The investment will be in SunJin Livestock Co Ltd formed earlier this year as a joint venture with SunJin holding 95 per cent stake and a local partner will own the rest. and the rest by a local company.

“The company will operate 100,000 parent broiler breeders up to 2018,” said Byung Ha Lee, managing director of SunJin Livestock Co Ltd.

Lee also holds a managing director position at SunJin Myanmar Co Ltd – which is into the animal feed business – formed in late 2013.

The other foreign players in the breeder farm business in the country include China’s New Hope Group-backed Myanmar New Hope Agrotechnique Co Ltd, Bel Ga Myanmar owned by Netherland’s De Heus and Belgium’s Belgabroed and Japfa Comfeed from Indonesia.

SunJin Livestock, located in Bago, looks to support the value chain of livestock industry in Myanmar.

SunJin started its business through the breeder line in 1982 in Korea and, since then, have expanded to being a global livestock business with a presence in Asia, covering China, Vietnam, the Philippines outside Korea.

Their products include a variety of pork meat and processed meat.

It has feed supply chain across six production plants and five logistic hubs, handling an annual 500,000 tonne feed. They aim to secure a total of 18 overseas production bases by 2020 and expand to Cambodia and Indonesia.

Also Read:

Myanmar New Hope to put $10 m for hatchery and breeder farm in Bago

Exclusive: Dutch firm De Heus invests $11m in Myanmar animal feed operations

Japfa buys Best Livestock stake in Myanmar JV

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

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