Vietnam's TH Group, Russia fund announce $633 mln dairy deal

Reuters, 25.05.2018

May 24 (Reuters) - The Russian Direct Investment Fund (RDIF) and Vietnamese dairy producer TH Group have agreed to build integrated dairy production facilities in Russia's Kaluga and Moscow regions with a total investment of $633 million, RDIF said on Thursday.

* The agreement covers the construction of two milk-processing facilities, whose combined total capacity will reach 300 thousand tonnes per year.

* The production is expected to begin in Q4 2018, the construction of all the complexes is expected to take three years.