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Kiotech International in final stages of agreeing Chinese Joint Venture


UK - Kiotech International PLC said it is in the final stages of agreeing a joint venture in China, in which the company will have a majority stake.

The supplier of high performance natural feed additives to the aquaculture and agriculture markets said the joint venture will help the process of registering Aquatice, chemosensory stimulant for fish feeding, in that country.

In an AGM statement, Kiotech said it has received considerable international interest in Aquatice from the aquaculture industry and is taking steps to work with some of those parties for the commercial development of the product.

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