$46.5m Shrimp Processing Plant To Open

The Fish Site
by The Fish Site
17 February 2011, at 12:00am

VIET NAM - Minh Phu Seafood Company has announced that the VN$1 trillion (US$46.5 milllion) Minh Phu-Hau Giang plant will go into operation in April.

The plant is expected to process 40,000 tonnes of processed shrimp per year.

Le Van Diep, deputy director of MPC, said the plant will use the latest technology to reduce production costs.

MPC exported 1,662 tonnes of shrimp in 2010 and reached an export turnover of $19.8 million, a year-on-year increase of 70.16 per cent in volume and 106.23 per cent in value.