YUNNAN, CHINA — Gold Coin China expanded its feed production capacity with the completion of a new $23.1 million mill in Yunnan, China, the Manila Bulletin reported.

Gold Coin China is a subsidiary of Gold Coin Group and Pilmico, which are the food and agribusiness subsidiary of Aboitiz Equity Ventures.

Construction on the 150,000-tonne capacity facility started in 2022. Feed production began in June, and the facility is expected to produce 75,000 tonnes this year.

In the near term, capacity will expand to 290,000 tonnes with a future maximum capacity of 500,000 tonnes.

It will produce feed for swine, poultry, aquaculture, ruminants as well as premix.

The facility aims to set new standards in feed mill production, according to the Aboitiz group.

“The launch of this new facility in Yuxi, Yunnan Province, is a testament to our commitment to expand our presence in key markets through investments in more efficient facilities across the region,” said Tristan Aboitiz, president and chief executive officer of Pilmico and Gold Coin Group. “This mill is the second of its kind in our China-based operation. It will ensure that our customers are provided with the highest quality feed across multiple categories.”

The Yunnan mill is part of the Aboitiz Group’s plan to strengthen its capacity in the Asia Pacific region, alongside a new 200,000-tonne feed mill in Long An, Vietnam.

Pilmico is a flour and feed manufacturer in the Philippines with four divisions: flour, feed, farms and trading.  Gold Coin is a pioneer in animal nutrition and manufacturing animal feeds in Asia. Together, they are one of Asia’s largest privately owned agribusinesses, with over 3,700 partners throughout a multitude of production facilities across eight countries in Asia.