Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives

Mitsui acquires stake in Vietnamese Shrimp firm Minh Phu

foodmate 2019-05-20
Share       

Japanese firm Mitsui & Co has agreed to acquire 35.1% equity interest in shrimp producer and processing firm Minh Phu.

based in Vietnam, Minh Phu operates two processing plants and shrimp farms that are spread across nearly 900 hectares.

Accounting to nearly 20% of Vietnam’s total shrimp exports, Minh Phu vertically integrates all stages from shrimp farming to processing and sales. Its products are exported to 50 countries across the globe, of which the majority of the produce is exported to the US and Japanese markets.

Mitsui invested in Minh Phu Hau Giang (MPHG), a joint stock company, as well as a processing plant that is affiliated with Minh Phu.

Since the creation of the joint stock company, Mitsui has contributed to optimising management and operations of MPHG.

The investment in the parent company will allow the company to implement new initiatives created within MPHG over the entire Minh Phu Group.

Additionally, Mitsui intends to leverage the sales networks established by Mitsui’s global group to expand the company’s sales.

Mitsui intends to support Minh Phu in order to further enhance the company’s growth by introducing new digital technologies, including artificial intelligence (AI) in farming ponds and processing plants.

Additionally, it will focus on enhancing the efficiency in the shrimp supply chain from farming to marketing.

Mitsui noted that it will continue its efforts to improve productivity, stability and sustainability of supply while adding values to food products.

Last March, Mitsui acquired a stake in Mark Foods, a seafood import and sales company that sells products to high-end retailers, distributors and restaurant groups in the US.

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

Recommended Products

Bifidobacterium Animalis BA77

Bifidobacterium Animalis BA77

AMOCTASIM Tablets

AMOCTASIM Tablets

Octacosanol

Octacosanol

Vitamin E Powder 50%

Vitamin E Powder 50%

Crocodile oligopeptide

Crocodile oligopeptide

Top

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121