|Calofic's cooking oil Simply|
Cooking oil manufacturer Calofic broke ground for a US$34 million new factory in Ho Chi Minh City’s outlying district of Nha Be on December 22.
The factory in Hiep Phuoc Industrial Park is due to begin production in late 2006, designed to turn out 600 tons of Neptune-brand cooking oil a day. Besides Viet Nam, the company will sell this cooking oil in Cambodia and Laos.
Calofic is operating factories in Ho Chi Minh City and the northern province of Quang Ninh. The new plant will send the company’s total investment capital to US$85 million.