The first phase of the project will be developed on 20,000 square meters at a total cost of US$12-15 million, which is scheduled for completion in October this year. During the first phase, the plant will have an annual capacity of around 10,000 to 12,000 tons. It is expected to be up and running from December this year.

When in place, the factory will process products from cashew nuts, almonds and macadamia.

After phase one is put into operation for two to three years, phases two and three will be implemented with an estimated capacity of 10,000-15,000 tons a year each, Nghia added.

The plant’s products will be for domestic sale and export to markets like the U.S., Canada, China, Hong Kong, Japan and other Asian countries.

Cashew nuts, the main product of the factory, are locally supplied, mainly by the southern province of Binh Phuoc.

Founded in Vietnam in 1999, Dan On Foods, a unit of Dan D Pak Group, specializes in processing products from nuts. In the domestic market, its products are available at supermarkets and convenience stores such as Big C, Aeon Mall, Metro, Vinmart, Family Mart and Circle K.

Source:  thesaigontimes.vn