BioMar to partner with Vietnam firm for shrimp feed production

Brande, Denmark-based BioMar has signed a memorandum of understanding with leading Vietnamese shrimp post larvae supplier Viet-Uc Seafood with the aim of establishing a collaboration on aquafeed production in Vietnam.
A representative from Viet-Uc confirmed that the MoU has been signed. BioMar will become a major shareholder of Viet-Uc Aqua Feed Company and will be operator of its feed factory located in the Mekong Delta province of Ben Tre.
“The partnership with BioMar will help Viet-Uc, and Vietnam as well, to produce a ‘perfect shrimp’ – that is, the shrimp must be completely clean and traceable,” the representative said, adding that BioMar’s R&D capability in the feed sector will benefit the long-term development strategy of the Vietnamese company.
The two companies see a “strong match” in values, focus, and visions: Viet-Uc operates the biggest shrimp hatchery in Vietnam, while BioMar Group is a global supplier of high-quality aqua feeds based on extensive R&D and market insights, BioMar said.
“We believe that a feed partnership with Viet-Uc in Vietnam will bring important synergies to the feed business as well as the hatchery and grow-out business of Viet-Uc,” BioMar CEO Carlos Diaz said in the statement. “Both companies have a common focus on sustainability, food safety, traceability, quality, and performance, which we believe will be strong drivers to strengthen and develop both companies as well as the aquaculture industry in Vietnam. There is no doubt that there will be a growing market for high quality feed in Vietnam.”
BioMar has shrimp feed factories in Ecuador and Costa Rica. Since 2012, the company has taken part in the development of feed and technical services for the shrimp industry.
Diaz said he believes the two companies’ collaboration, which aims to produce high-quality post larvae and promote genetic and nutritional development, is an important milestone for the shrimp industry in Vietnam.
Last year, Viet-Uc opened a high-tech shrimp farm in Quang Ninh in northern Vietnam, and it operates eight other hatchery facilites across the country’s southern and central regions. It sold more than 16 billion post larvae in 2018, accounting for nearly 27 percent of the total supply of around 60 billion post larvae in Vietnam. But it has experienced a slowdown in business due to the coronavirus crisis, and is offering customers significant discounts on post larvae shrimp in order to encourage sales.
Source: seafoodsource