Sotico: 80 percent of export value from the EU
(vasep.com.vn) Through April 2014, Song Tien Seafood Corporation (Sotico) got year-on-year rise in seafood exports in the four straight months. This period, Sotico exported 3,200 MT of seafood products to earn back US$6.6 million. The EU was the largest market which made up of 80 – 90 percent in the company's total export value. Products sold to the Middle East accounted for 10 – 20 percent in revenue.
Currently, Sotico and other seafood companies in Vietnam are facing short supply and high price of raw material. In this situation, the company actively invested in fish farms to ensure raw material for its processing plant.
Exports of clam (traditional product of the company) remained stable as Sotico successfully built the brand name for clam in global markets.
www.sotico.com.vn