Godaco expects a 1.5-fold rise in 2014 exports

(vasep.com.vn) In January 2014, Godaco Seafood Joint Stock Company (Godaco) processed 1,500 MT of seafood products, up 20 percent month over month, said Nguyen Van Dao, the company's General Director.

The Tien Giang-based firm will continue to export 400 MT of seafood products to European countries. In 2014, it targets to produce 28,000 MT of seafood products (up 10,000 MT) for a total export value of US$60 million, a 1.5-fold rise and a turnover of VND1,500 billion, a 2-fold rise against that of 2013.

In 2014, Vietnam export-driven fishery industry may see more advantages than the previous years, as the global economy is on the recovery, leading to strong consumption in importing markets. At the moment, Godaco is investing in its reorganization plan by creating a close link among all steps in the production chain, as well as further promoting products to open more markets. In addition, Godaco focuses on equipment and modern technologies in processing plants to improve production and product quality to meet foreign consumers' demands.

In 2014, the company plans to inject VND150 billion in installing equipment in 3 feed processing chain, building more processing plant and a pangasius farming area of 50 hectares. Total superficies for farming area will be 230 hectares, satisfying 80 percent of raw material needs.

In late 2013, Godaco started running its new seafood processing zone which covered an area of 7 hectares including a pangasius fillet processing workshop, a  fishmeal processing workshop and cold store in Ben Tre province. Of more than VND250 billion of the total investment, VND150 billion is invested into modern equipment and automatic conveyor.

In the 1st phase, the plant's production capacity is 150 MT of raw fish per day and 100 MT of by-products per day.  Its cold storage has capacity of 5,000 MT of finished products. The plant will employ 1,500 local workers.

So far, Godaco has had 6 seafood processing plants for pangasius, clam and other seafood products, which are sent to 40 countries and territories. The company totals 3,000 workers with an average salary of VND5 million per person per month.

In 2013, the company exported US$40 million of seafood products to EU, Middle East and North America.

www.godaco-seafood.com.vn


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