Thai Union Frozen Products (TUF) is collaborating with partner Avanti Feeds to build a shrimp processing plant in India. Bangkok-headquartered TUF owns 25.1% of Avanti, a publically listed Indian concern.
TUF will reportedly invest as much as US $20 million to construct the facility, which will have annual production capacity of 15,000 metric tons.
Meanwhile, Thailand’s shrimp output is expected to rise 25% this year, bringing output up to 250,000 metric tons, according to Rittong Boonmechote, TUF’s global shrimp business president.
Producers in the Southeast Asian nation have coped with a downturn in production and exports in recent years due to the impact of early mortality syndrome (EMS) disease. As such, it is prudent for TUF to diversify shrimp farming and processing beyond its home base.
“From being the world’s leader, today production in Thailand is lower than Educdor’s,” noted Rittong.
