|Basa catfish cobbler, an end-product of Hung Vuong Company|
The Hung Vuong Ltd. Company, the biggest fishery product processing company in the Mekong Delta, opened its third processing factory of fishery product in My Tho Industrial Zone yesterday.
This US$3.75 million factory is equipped with 5 IQF (Individually Quick Frozen) lines with the capacity of 2.5 tons of aquatic products an hour and 4 quick freezers with the capacity of 80 tons of end-products a day.
One thousand employees are working in the factory.
Hung Vuong Company’s revenue of catfish exported to Europe, America, Asia, Australia and the Middle East reached US$50 million in the first 10 month of this year, a triple increase year-on-year, and it is expected to earn US$60 million from exporting catfish in this year.
To take the initiative in raw material for export processing, the company built a network of fish farms with the annual capacity of 6,000 tons of catfish this year, and cooperated with local farms in Tien Giang and Can Tho Provinces to produce 20,000 tons of fish a year.