News & Views
Chinese tilapia farmer expands to shrimp
July 12, 2019 By Hatchery International Staff
Hainan Xiangtai Fishery Co., one of China’s major tilapia farms, is shifting its focus to shrimp production.
The company has announced it is building shrimp farms in Thailand, and wants to add significantly to its processing operations, according to Xiangtai director Liu Rong Jie, in a report from Seafood Source.
“The Thai project will farm and process 4,000 tons of vannemei shrimp a year, according to Jie, who said his firm’s investments in the next five years will add CNY 1.5 billion (US$221.4 million) in revenue to the Xiangtai annual earnings sheet,” the report said.
“A 3,000-ton-per-year collagen plant will be built in Hainan alongside expanded processing lines for shrimp and tilapia, which will incorporate higher mechanization through artificial intelligence,” the report added.
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