Advertisement

News

Hanaqua and Nexus Feeds sign license agreement

An agreement was signed December 22, 2011 between Hanaqua Tech Inc. of Taiwan and Nexus Feeds Ltd. of India. The agreement authorizes Nexus to use the Hanaqua trademark and logo in aquafeed marketing on condition that it implements Hanaqua Aquafeed technology, including management and formulation.

January 19, 2012


An agreement was signed December 22, 2011 between Hanaqua Tech Inc. of Taiwan and Nexus Feeds Ltd. of India. The agreement authorizes Nexus to use the Hanaqua trademark and logo in aquafeed marketing on condition that it implements Hanaqua Aquafeed technology, including management and formulation.

Nexus Feeds Ltd., a subsidiary of Reddy and Reddy Group of India, is well established in the aquaculture market in India. For this new project the company has sought high caliber personnel, including four senior staff members who were trained by Hanaqua in 1992.

The newly constructed feedmill can produce 18 tons/hr floating feed and 10 tons/hr pelleted feed. Additionally, Nexus is constructing two aquaculture processing plants, one of which will come online this month.

Hanaqua introduced its technology to India in 1992, with a turn-key project for the manufacture and marketing of tiger shrimp feed. So far, two local companies, Rank Aqua and the subsidiary company of Hindustan Unilever, have applied Hanaqua’s technology, earning the trademark an impressive reputation and prominent market position.

Hanaqua credits the success of its program to four key competitive advantages:

- 35 years of experience in the aquaculture industry

- Hanaqua‚Äôs ‚Äúe2aqua‚ÄĚ remote monitoring system

- Its evaluation platform for feed ingredients

- Strong support from Taiwan Aquaculture Corps (TAC).

Hanaqua said it has returned to India for a number of reasons: firstly, India has vast amounts of suitable land offering substantial potential for aquaculture development, and which could meet the requirements of international certification. 

The Indian government is giving strong backing to aquaculture development in the country, with the aim of making the country one of the five largest seafood exporters in the world. It has also committed itself to enforcing FAO standards. Hanaqua also sees that the private sector has accumulated sufficient knowledge and experience in aquaculture farming and with the financial backing of agencies such as Micro-finance Institution (MFI) and Self Help Groups (SHG), it will more rapidly modernize and develop.

 

 

 

 

 

 

 

 

 

 

More than five hundred people, the majority farmers, witnessed the signing ceremony. Above, musicians playing traditional drum and wind instruments lead Mr. Peter Chiang and Mr. Teyang Chiang of Hanaqua to the venue.

Advertisement

Latest Magazine

Job Opportunities