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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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