(vasep.com.vn) In 2015, a new seafood factory of Fimex VN comes into operation, in the hope that production and sales will rise.
This factory supplies IQF products to the US and EU as target markets. After this, a refinery is projected to be built in 2015 in An Nghiep Industrial Zone in Soc Trang.
In December 2014 only, Saota Foods Joint Stock Company (Fimex VN- stock code FMC) produced 940 MT of finished shrimps, earning US$ 10.8 million. In 2014, Fimex VN supplied 10,800 MT of processed products, up nearly 25% year on year. Sales reached US$ 136.5 million. Profit was VND 70 billion, nearly doubled from 2013.
As the Thailand lost its preferential tariffs on shrimp exports to the EU from 2014, Fimex VN expanded its operations in the market. Targeted to high-end market segments, the company developed partnership with reputed distributors. After 2 years, Fimex VN has found it firm position in the EU market.