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Sagimexco to establish sub-company
September 25, 2008, 05:43 AM
SaGiang Import - Export Corporation

SaGiang Import - Export Corporation (Sagimexco) said it will put into operation a sub-company named SaGiang 2 Co., ltd (Sagilico) in December 2008.

Sagilico invests VND 30 billion (1USD=16,640VND) in its prawn cracker processing plant, which was constructed in May 2008 in industrial zone A, Sa Dec town, Dong Thap province. This plant has a capacity of 3,500 tons of cracker. It is expected to be in operation in the first quarter of 2009.

Through August 2008, Sagimexco exported 2,275 tons of cracker from seafood and agriculture products, valued USD 3.51 million to France, Great Britain, Holland, German and other markets.

In August alone, the company exported 119.8 tons of product, valued USD216,400. Great Britain kept being the biggest market, accounting for 45% of total value, followed by France with 25%. The remainder was made up by other markets.


Source: (Vasep, September 25, 2008)
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