China’s Sheng Long Bio-Tech International Co. has begun work on a new aquaculture feed factory in the Mekong Delta Province of Vinh Long in southern Vietnam, the company said in a statement.
The plant will cost USD 20 million (EUR 16.8 million), and is expected to be put into operation in October 2021. It will have capacity to produce 200,000 metric tons (MT) of fish feed per year, and will produce several new products to serve demand from the region's shrimp farmers.
With the new plant, Sheng Long’s total aquaculture feed production capacity in Vietnam will reach around 700,000 MT per year, including 11 production lines of shrimp feed and eight production lines of feed for fish.
Sheng Long said it has become a leading aquaculture feed producer in Vietnam less than 10 years since launching a restructuring plan in 2011. Its business growth this year is expected to rise by 30 percent year-on-year despite the COVID-19 pandemic. The company has already sold 500,000 MT of products, with a sales value of USD 500 million (EUR 421.4 million) this year.
The company also has two shrimp hatcheries in the Vietnamese central province of Ninh Thuan, with a designed capacity of three billion postlarvae per year and another fish hatchery able to produce 200 million tilapia fingerlings per year in Soc Trang.
According to Sheng Long, the company will continue to expand its business operations in other Asian countries, including the Philippines, Malaysia, Cambodia, Myanmar, Bangladesh, and India. In Malaysia, Sheng Long will build a new transit warehouse, an aquaculture feed plant, and a hatchery.
In India, the company already commissioned an aquaculture feed factory with a designed capacity of 30,000 MT per year and a shrimp hatchery with a capacity to produce two billion postlarvae of vannamei per year.
