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AKVA Win Contract for Malaysian Marine Hatchery

Technology & equipment Hatcheries Economics +4 more

MALAYSIA - AKVA Group has been awarded a contract together with the Malaysian based construction company Erat Semarat Sdn Bhd for the building of a marine hatchery for the Malaysian Authorities.

The National Hatchery will be built in Rompin in the province of Pahang, Malaysia, and is designed for the production of 5 million marine fish fry's, initially planned production of Tiger Grouper and Asian Seabass. The fry will mainly be delivered to local fish farming companies in the Pahang province.

The equipment delivered will be of UNI recirculation technology and other AKVA group technologies. The contract value of this delivery is of about 10 MNOK for AKVA group, delivery will take place over the next 12 months.

The delivery is a first part of the Malaysian authority's initiative to increase the aquaculture production in the country. The purpose of this is to reduce the country's dependency of fish import and to build a export industry within the seafood sector. The plan involves raising the country's fish output from 320,000 tonnes to 650,000 tonnes by 2013.

AKVA group has been working actively over the last 18 months in the Malaysian market and is by the achievement of this contract AKVA group well positioned to take part in the building of this industry in Malaysia.

"We are of course very honored to be awarded this first contract in Malaysia", says CMO of AKVA group Mr. Trond Severinsen. "I would also like to congratulate our Asia team with a job well done to get us into this position in this region. Especially our project manager in Malaysia Mr. Joseph Tuma and our Regional Director in Bangkok, Mr. Jan Erik Svensson. As a result of this achievement we will now also formalize our presence in Malaysia and we are looking forward for the finalization and delivery of this project, and potentially several more projects in the future".