CP Trading to establish rice hub in Thailand
CP Trading is setting up a rice hub with an investment of about THB10bn ($ $325.44m) in Ayutthaya, T…CP Trading is setting up a rice hub with an investment of about THB10bn ($ $325.44m) in Ayutthaya, Thailand.
The proposed facility, which is in the second phase of the project, will be spread over an area of about 96 hectares and is expected to be completed in 10 years.
The facility will feature an inland container depot, a warehouse, a fertilizer plant, and a rice-bran-oil factory. It will manufacture instant noodles and rice snacks.
The first phase of the project features a rice-processing plant, a silo and pier. It has been completed with an investment of about THB4bn($130.18m), reported the nationmultimedia.com.
The company currently produces 1.08 million tons of rice annually, of which 80% is exported to 120 countries.
The project is aimed at making the company an integrated producer, manufacturer, trader, logistics provider and exporter of rice.