JOURNAL ARTICLE

Cargill Cuts Vietnam Aquafeed Business in Global Restructuring.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Gu, Hallie; Cang, Alfred; Cao, Dong 3 of 3

Abstract

Cargill Inc. is exiting its aquaculture feed business in Vietnam as part of a broader restructuring strategy. The company will close two feed plants and a technical center in the country, which is a significant producer and exporter of aquaculture products. This decision follows a comprehensive assessment of the aquaculture market and aligns with Cargill's long-term business goals, despite anticipated growth in demand for aquaculture feed in Vietnam. The exit will affect jobs, and Cargill is engaging with impacted employees. The company, based in Minneapolis, has invested over $160 million in Vietnam since entering the market in 1995. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/06, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2025
  • Accession Number:186013413
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