Mitsui to participate in Vietnam shrimp processing company
Mitsui & Co Ltd. has reached an agreement with the Minh Phu Seafood Joint Stock Company to participate in the management of Minh Phu Hau Giang Limited Liability Company, largely known for shrimp processing and exportation. According to the agreement, Mitsui will take a 31% stake in Minh Phu Hau Giang, which is currently the largest vertically-integrated Vietnamese shrimp processing and exportation company with operations across the full aquaculture process from post-larvae rearing, shrimp farming, to processing and sales & exports. Their export volume accounts for roughly 15% of Vietnam’s total exports, shipping their products to the US, Europe, Japan, Korea, Canada and Australia.
Source: http://www.fis.com/fis/worldnews/worldnews.asp?l=e&country=0&special=&monthyear=&day=&id=64267&ndb=1&df=0