Kiotech in final stages of framing China JV

Kiotech International, the supplier of high performance natural feed additives to the aquaculture and agriculture markets has said it is in the final stages of agreeing a joint venture in China, in which the company will have a majority stake.

In a statement at the company’s AGM Kiotech said it had received considerable international interest in Aquatice from the aquaculture industry and is taking steps to work with some of these parties to progress the commercial development of the product. This should help with the process of registering Aquatice (chemosensory stimulant for fish feeding) in that country.
 
‘We are pleased with the progress management is making bedding in the Agil acquisition and also focusing on improving the gross margin and developing new products and territories. Agil has recently taken its first order in Sri Lanka for Salkil (poultry feed additive which reduces likelihood of salmonella and E.coli) and its Bactacid product (Salkil equivalent for pigs) has been well received in the Ukraine - a new territory which we believe has good potential.’ Said chairman Richard Rose