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It is reported that the plant is located in Cao Lanh City, Dong Thap Province, near the headquarters of Yonghuan Group, adjacent to the company's collagen factory and pangasius feed factory
.
.
"Our strategic development goal is to minimize processing waste and create new value
from by-products," the company said.
The surimi plant is a potential project
for us to pursue this mission.
”
from by-products," the company said.
The surimi plant is a potential project
for us to pursue this mission.
”
Yonghuan Group CEO Tam Nguyen told UCN that the investment in the surimi plant (compared to other projects) is relatively small, so it was not specifically disclosed in the company's financial report that the new plant may generate annual revenue
of $15-20 million.
of $15-20 million.
In November, Yonghuan Group achieved revenue of VND 893 billion (US$37.
9 million), down 10% year-on-year and 13%
month-on-month.
9 million), down 10% year-on-year and 13%
month-on-month.
Nguyen said: "We believe that with the opening of epidemic prevention policies, the Chinese market will enter a rapid recovery period like other countries' markets, and pangasius will no longer be strictly restricted
from entering China.
" For the U.
S
.
market, we think Ramadan will be the peak demand season next year, and we will boost sales now and in the next two months.
”
from entering China.
" For the U.
S
.
market, we think Ramadan will be the peak demand season next year, and we will boost sales now and in the next two months.
”
Yonghuan Group mentioned in its 2021 annual report that the company's market value will double to US$1 billion by 2025; The company's goal is to process 1,000 tonnes of pangasius per day, drive technological innovation, and implement a circular economy model, and the surimi plant will be part of
that goal.
that goal.
At present, Yonghuan Group's large-scale hatcheries in Anjiang and Tongta are operating steadily, and the company has plans to further expand its production capacity and choose a new site for expansion
.
The company also plans to expand the pangasius farming area by 100-150 hectares to cover 70% of the processing plant demand
.
.
The company also plans to expand the pangasius farming area by 100-150 hectares to cover 70% of the processing plant demand
.
At the end of 2022, the capacity of Yonghuan Group's Thanh Binh processing plant will be expanded to 350 tons per day, and the Vinh Phuoc plant will be expanded to 250 tons
per day.
At the request of its Japanese partners, the Vinh Phooc plant also launched a salmon processing project, which is a new starting point for the company's product diversification, and the company will focus on the production of high value-added products, taking advantage of superior worker technology, geographical location and cold storage characteristics to build and operate a processing line
for grilled fish value-added products.
per day.
At the request of its Japanese partners, the Vinh Phooc plant also launched a salmon processing project, which is a new starting point for the company's product diversification, and the company will focus on the production of high value-added products, taking advantage of superior worker technology, geographical location and cold storage characteristics to build and operate a processing line
for grilled fish value-added products.
