Louis Holdings family company sells 3 million tons of rice to West Africa

Under the agreement, Angimex will supply up to 3 million tons of rice over three years to Sierra Leone.

Mr. Do Thanh Nhan, Chairman of Angimex, said that this deal is worth about 1.35 billion USD at current prices, equivalent to nearly 31,000 billion VND. However, the actual selling price will be floating according to the market in each contract period.

Angimex expects the 3-year contract with the “sponsorship” of the President of the Republic of Sierra Leone to be a premise for larger orders in West Africa after neighboring countries see the scale and potential. of the company.

In addition, Angimex will transfer the model field to businesses in the Republic of Sierra Leone. The sample field is Angimex’s first success factor to ensure high quality input rice. The expansion of the large sample field is one of the solutions to increase the value of rice for export according to the policy of the Ministry of Agriculture and Rural Development (MARD).

When participating in the large sample field model, farmers will bring high-yield and high-quality rice varieties to sow simultaneously with the same variety, in the same field. Therefore, the model of high-quality rice production combined with the implementation of large fields brings practical benefits to farmers, from changing production thinking to improving economic efficiency.

Regarding the business plan in 2022, Angimex sets a revenue target of over VND 8,004 billion; pre-tax profit reached VND 70 billion, more than doubled and 22% respectively compared to the results achieved in 2021. In the long-term development strategy, Angimex aims to become the top 1 in the export sector. rice and dominate the domestic rice market.

Louis Holdings’ orientation is to “rebuild the An Giang rice king monument”.

Ha My

By Business and Marketing

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