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Fimex VN strives to reach the yearly export target
December 12, 2011, 03:53 AM

(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

Fax: +84 56 3893200

Email: seaprodexf16@dng.vnn.vn

Web: www.seaprodexf16.com

Source:
Đinh Hà
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Ms Kim Thu
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Portal of Vietnam Association of Seafood Exporters and Producers (VASEP)
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