Deal #3972

Land area

Size under contract (leased or purchased area)

[2012, current] 10000 ha

Size in operation (production)

[2012] 5530 ha
[2014, current] 10000 ha

Comment on land area

In 2019-2020, TTC Attapeu Sugar and government of Laos has the land lease rights contracts for 2,790.9 ha located in Phouvong district Source: TTC Group Annual report 2019-2020

Intention of investment

[current] Biomass for biofuels, Food crops, Non-food agricultural commodities

Comment on intention of investment

sugar, biofuel and fertilizer Organic Sugar, Sugar manufacturing plant, thermal power plant

Nature of the deal

Comment on nature of the deal

As of June 30, 2020, Raw material area network is 11,677 ha Source: TTC Group Annual report 2019-2020

Negotiation status

[2011, current] Concluded (Contract signed)

Implementation status

[2012, current] In operation (production)

Comment on implementation status

According to the Vietnam Business Forum, after the M&A deal of TTC Attapeu sugar mill - formerly known as Hoang Anh Attapeu sugar mill - in Attapeu Province of Laos in 2017, Thanh Thanh Cong - Bien Hoa Joint Stock Company (TTC Sugar, HOSE: SBT) is currently running an ‘organic sugarcane’ area of 7,500 ha in Laos, which can be expanded to 20,000 ha in the next five years (dated 12 April 2019). Source: VCCI News Attapeu province approved the area of 3,841 ha for the expansion of sugarcane plantation in Sanxay and Xaysetha districts of Attapeu province Source: RFA Lao

Contract farming

Yes

Not on leased / purchased (out-grower)

Yes

Not on leased area/farmers/households (out-grower)

[current] 4000 ha

Comment on contract farming

Not clear, but villagers mentioned that company may do the 2+3 or 1+4 contracts arrangement. While official from Attapeu provincial office of agriculture and forestry said that company might do contract in the form of ‘1+3 model’ contract Source: RFA Lao