(vasep.com.vn) In the third quarter
Since early October, besides highly rising input costs and unstable exchange rate between USD and VND, Fimex VN has to deal with the fact that U.S. importers asked to delay import as result of low demand in the market and Japan government strengthen antibiotic testing of imported shrimp products. Furthermore, the company’s producing and trading operation was affected as Mekong Delta came to the end of shrimp harvest season, leading to rocketing prices of black tiger shrimp and whiteleg shrimp.
To solve difficulties, Fimex VN has launched politics to attire more workers, cooperated with An San agricultural products processing plant and focused on purchasing raw material. As the result, in October, it processed more than 1,000 MT of finished items, valued US$9.3 million, increasing total revenue in first ten months of 2011 to US$72 million. In the last quarter, Fimex VN strives to produce 2,000 MT of finished items, bringing US$20 million of revenue.
At the General Meeting of Stakeholders, Fimex proposed many measures to push the company out of tough time, such as focusing on signed contracts, increasing worker salary, installing modern IQF freezer in An San processing plant. To the end of November, Fimex VN expects to reach US$80 million of export revenue, completing its yearly target.
SEAPRODEX FACTORY No16
Mr. Banh Quang Ha
Director
Add: 4 Phan Chu Trinh Street, Quy
Nhon City, Binh Dinh Province
Tel: +84 56 3893402
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Email: seaprodexf16@dng.vnn.vn
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