Zhanjiang-based Guangdong Yuehai Feed Group, one of the largest aquatic feed producers in the country, plans to invest in Vietnam and India to tap into those markets.
Preliminary work is under way for a plant in Vietnam designed to produce 50,000 to 80,000 tons of shrimp and fish feed annually, said Han Shulin, vice-president of the group.
The group will invest more than $10 million in the wholly-owned project.
For the plant in India, the group intends to work with a local partner. The first phase is expected to support an annual capacity of up to 60,000 tons of shrimp feed, Han said.
As the largest fish feed producer and one of the top three shrimp feed producers in the country, Guangdong Yuehai has positioned its marketing, research and development systems well for expansion beyond the border, he said.
The company\'s current plants produce about 400,000 tons of fish feed and 300,000 tons of shrimp feed per year.
Source: China Daily // Original Article