TH True Milk to invest $1.7 billion in RussiaStaff Writer | March 18, 2017
Vietnamese dairy group TH True Milk will invest a further $1.7 billion in establishing a dairy operation in eastern Russia.
Investment A dairy farming set-up
It will allow TH True Milk to establish a dairy farming set-up in Russia’s Far Eastern federal district – a 6-million-square-kilometre region of Russia that falls entirely within the Asian continent.
Despite its sparse population, the area provides the third highest economic contribution per head of all of Russia’s federal districts, and is strategically placed to help TH True Milk grow its business in Asia.
The company has previously invested in two separate dairy production projects in Russia – one in the Moscow region, and another in neighbouring Kaluga. ■