By the end of June 2021, experts representing the Korean partner-Amicogen- were present in Vietnam to work with Navico to complete the final steps of design, technical consultation and start-up of the collagen factory. , is expected to start construction in August 2021. This is also a strategic project in Navico's plan to change the structure to value-added products with high technical content.
With more than 21 years of experience in the production and processing of beauty products, the Amicogen & Navico joint venture set the ambition to provide the first C&G value added products to the Vietnamese market by 2022.
The factory with an area of more than 9,600 m2 in phase 1 was built in Thot Not Industrial Park, Can Tho with a capacity of 800 tons of finished collagen and gelatin products per year, according to Korean standards, with expected investment costs. nearly $4 million.
With the current production capacity of more than 450 tons of raw materials/day, Navico's processing plant can supply a huge amount of fish skin for collagen & Gelatin production every day. Fresh fish skin is priced around 0.5 USD/kg. When producing collagen, the price of fish skin can reach 25-40 USD/kg.
At present, Navico's production and business structure includes the following segments: frozen pangasius for export, raw fish farming, aquatic feed processing, value-added product processing, by-product processing and power generation. Solar. Including the contribution of the C&G factory, the company expects the profit of the first phase of the C&G factory to be $1.5 million, contributing 10% of the group's profit.
Collagen and Gelatin processed from pangasius skin is no longer a new product for seafood processing enterprises, but not many Vietnamese seafood enterprises complete the C&G production chain, creating value-added products that can compete with longtime manufacturers from Europe, Japan, Korea,…
(seafood.vasep.com.vn) In the first quarter of this year, Vietnam's shrimp exports reached over 686 million USD, an increase of 14% over the same period in 2023.
Having identified its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has undergone a clear change, reflected through increases in exports to major markets.
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices.
(seafood.vasep.com.vn) After increasing to the highest level in 2022, Canada's tuna imports in 2023 dropped to the lowest level in the past 10 years, reaching 35 thousand tons, down 24% over the year. Canada is currently one of the 15 largest tuna import markets in the world.
(seafood.vasep.com.vn) Chile, one of the countries participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), has tended to increase tuna imports from Vietnam in the past 3 years. According to statistics from Vietnam Customs, this South American country imported nearly 3 million USD of tuna products from Vietnam in the first 2 months of 2024, an increase of 58% over the same period in 2023.
Economic and social development activities, overexploitation, pollution, diseases, and climate change have adversely affected the ecological environment, leading to a severe decline or the extinction of many precious indigenous aquatic species.
(seafood.vasep.com.vn) The prices of pangasius fingerlings and raw pangasius in ponds fell in March, following steady increases in the first two months of this year.
(seafood.vasep.com.vn) In February 2024, the average export price of Vietnamese pangasius to markets increased by 4%, although the volume decreased by 40% compared to the previous month.
(seafood.vasep.com.vn) There was a 6% decline in Vietnam's pangasius exports to Brazil in February 2024 compared to the same period in 2023, with the total value reaching 6 million USD.
(vasep.com.vn) In the first two months of 2024, Poland—which ranks as Vietnam's fourth-largest EU supplier of tuna—became a noteworthy market. Vietnam's tuna exports value to Poland increased by 786% in comparison to the same period last year, totaling over $2 million USD and contributing about 2% of the country's overall tuna exports revenue.
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