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Thai Union Frozen products
PCL,Thailand joins Avanti Feeds lts as strategic partner
Hyderabad|India|January'2009: THAI UNION
FROZEN PRODUCTS PCL.(TUF), parent of a leading Thailand based group of
Companies, engaged in Shrimp Hatchery, shrimp/fish feed manufacturing and
processing & export of frozen shrimp and canned tuna, has acquired 14.99%
shares of AVANTI FEEDS LTD.(AFL), a leading Indian company engaged in
shrimp/fish feed manufacturing and processing & export, as a strategic
partner, to support AFL to expand its activities in India.
Mr.Tin-King-Chan, Director and General Manager of TUF, who joined AFL
Board as a Director, said "TUF would extend technical and marketing
support and share their expertise in shrimp culture with AFL for all-round
growth of AFL. TUF joining AFL at this juncture, when Indian Government
has permitted "Vannamei" culture in India, assumes great significance, as
TUF has vast experience and expertise in Vannamei Hatchery, Feed and
Culture. TUF will also support AFL in expanding AFL's processing and
export market as TUF has large wholesale and retail net work in USA."
About Thai Union Group
Thai Union Group is the largest seafood exporter outside the Japan with
consolidated sales of over USD 2 billion. It has operations in Thailand,
US, Vietnam, Indonesia and China. The major products include Canned Tuna,
Frozen Shrimps, Cephelopod and Shrimp & Fish feed. It is a Public Company
listed in Thailand Stock Exchange.
About Avanti Feeds
Avanti Feeds Limited has its Shrimp and Fish Feed manufacturing units and
Shrimp Processing & Export Units in Andhra Pradesh. It is one of the
leading companies in aquaculture industry in India.
Reachout's News Bureau
January' 2009
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