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Another Malaysian Signing for Cell

UK - Following the announcment that barramundi production in now underway in Malaysia, Aus-based CELL Aquaculture Limited has announced another joint venture in the region.

Sarawak-based ASSAR Fishery Sdn Bhd (ASSAR,)near Kuching has agree to collaborate on a 700 tonne barramundi production facility using Cell's proprietary technology.

The total cost of the project is estimated at AUS$9 million

ASSAR, subsidiary of a company linked to the Sarawak state government, has a successful track record covering a range of businesses including financial services, property development, technology, manufacturing and trading.

Cell's Malaysian interests are superceding business prospects elsewhere. The company has reined in a proposed venture in the Netherlands to concentrate on growing opportunities in the East.

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Ellen Hardy

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