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.