Brand 'vegetarian pig' in the top 5 largest livestock enterprises in the country

Last year was an extremely difficult period for the livestock industry, but BaF - the first vegetarian pig brand in Vietnam - recorded a remarkable growth in scale, rising to the top 5 position in livestock enterprises. largest pig in the country.

Reporting at the 2023 Annual General Meeting of Shareholders (AGM) taking place on May 10, the leadership of BaF Vietnam Agriculture Joint Stock Company (BaF) said that in the past year, the livestock industry has faced many difficulties when facing challenges. faced with problems related to diseases, disruption of the supply chain of input materials, while the output price of live pigs continued to decline for a long time. Besides, the high exchange rate and interest rate affected the business activities of companies.

BaF launches exclusive 'vegetarian pig' brand in October 2022

However, this is another year that shows the growth in scale of BaF when rising to the top 5 position of the largest pig raising enterprises in the country. Regarding the FEED segment, the company has put into operation 3 "vegetarian" bran factories producing animal feed of 100% plant origin, without lean substances, ensuring nutrition for livestock. Three factories with a capacity of about 460,000 tons/year, achieved the two highest world certifications for quality management systems for feed production, namely Global Gap CFM 3.0 and FSSC 22000 Ver 5.1.

Regarding the FARM segment, BaF put into operation and started a series of farms, increasing the number of farms operating and deployed to 23 farms. BaF's closed farm system applies modern technology from Europe, automatic feeding technology through a central control system to help minimize human-to-animal contact, minimize disease. diseases, greatly reducing labor costs, 95% water circulation rate. By the end of 2022, the total herd of BaF is up to 200,000 heads (17,000 sows and 120,000 pigs), a sharp increase compared to the beginning of the period.

In the FOOD segment, this business has successfully launched a high-quality vegetarian pig product BAF Meat using completely vegetarian bran derived from plant protein. In parallel, continuously expanding the distribution chain with more than 60 Siba Food stores and more than 300 Meat Shops spread across Vietnam. Total pig production in 2022 reached more than 303,500 heads, nearly doubling over the same period.

According to the consolidated financial statements for 2022 audited by Ernst & Young Vietnam Co., Ltd., the year's consolidated net revenue reached VND 7,083 billion from livestock production and sale of agricultural products, completing 119% of the year plan. . Revenue from the livestock segment reached nearly VND 1,373 billion, up nearly 80% over the same period. The revenue structure had a strong shift when the livestock segment rose to account for nearly 19% of the revenue structure compared to 7% in the same period, confirming the transformation in the strategy to become a modern livestock corporation according to leading 3F model in Vietnam. Profit before tax and profit after tax reached 338 billion VND and 288 billion VND respectively.

Via: thanhnien.vn