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    Home > Food News > Food Articles > In 2023, Regal Springs plans to invest $14 million to upgrade its farming operations

    In 2023, Regal Springs plans to invest $14 million to upgrade its farming operations

    • Last Update: 2023-01-05
    • Source: Internet
    • Author: User
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    In 2023, international tilapia producer Regal Springs plans to invest US$14 million to upgrade its farms to further enhance the high-end attributes of its products and enable full traceability
    of the supply chain.
     
    Over the past two years, Regal Springs has invested US$20 million to expand its farming operations in Indonesia, Mexico and Honduras, and has just received a 10-year aquaculture license
    from the Mexican government.
     
    Regal Springs said the new $14 million will be used to upgrade farming technology and introduce aquaManager's fish health program and artificial intelligence solutions
    .
    In April 2022, Regal Springs signed a strategic partnership agreement
    with aquaManager.
     
    Alois Hofbauer, CEO of Regal Springs, said: "Sustainability has been at the heart of our DNA for over 30 years and has been at the heart
    of our DNA since we first established our deep-water lake aquaculture industry in Indonesia.
     
    "We offer consumers premium tilapia, supported
    by our highly integrated, fully traceable supply chain.
    It will certainly cost a lot, but we believe that when we provide high-quality nutritional products that are distinguished by their superior taste and texture, our consumers will recognize its true value
    .
    Hofbauer said
    .
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