TUF Plans New Shrimp Plant in India, a JV With Avanti Foods
SEAFOODNEWS.COM [The Nation] By Pichaya Changsorn - April 24, 2015 -
Thai Union Frozen Products (TUF), a global seafood company, is looking at building a new shrimp-processing plant in India through a joint venture formed with Avanti Feeds, a publicly listed Indian firm in which TUF has a 25.1-per-cent stake.
Rittirong Boonmechote, president for the global shrimp business of TUF, said yesterday that the company was looking to expand in India via the new JV, in which it would hold a higher stake.
The new shrimp plant will have a production capacity of 15,000 tonnes per year, compared with 8,000 tonnes per year at the existing plant running under Avanti Feeds. It will require....
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