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Guolian Aquatic invests heavily in floating tilapia feed production

Zhanjiang Guolian Aquatic Products announced plans to inject 90 million yuan into its wholly-owned subsidiary, Zhanjiang Guolian Feed, and expand production capacity of floating fish feeds, the company’s announced

September 8, 2011

Zhanjiang Guolian Aquatic Products announced plans to inject 90 million yuan into its wholly-owned subsidiary, Zhanjiang Guolian Feed, and expand production capacity of floating fish feeds, the company’s announced.

The expansion includes the construction of  two production facilities for floating fish feed to supply feed for Guolian Aquatic's planned integrated tilapia production chain.

Construction starts next month and is expected to be completed next September. The program is estimated to generate revenue of 520.86 million yuan and net profit of 29.02 million yuan.

1 Yuan = US$0.1566

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