CJ Cheiljedang Corp., South Korea’s largest food company, said Sunday it is targeting to post 1 trillion won (US$920 million) in animal feed sales this year by establishing more overseas production facilities.

To achieve the sales goal, CJ Cheiljedang said it will build six production plants in China, Vietnam and Indonesia, where demand for animal feed has been experiencing explosive growth.

The completion of the envisioned facilities would raise the number of the company’s overseas feed factories to 12.

“We plan to double our animal feed business in China,” a company official said. “More efforts will also be made to maximize sales in Indonesia, which accounts for about half the company’s overseas feed revenue.” (Yonhap News)