Viet Uc Seafood, Vietnam’s leading shrimp postlarvae supplier, has opened a shrimp-processing plant in southern Vietnam, completing the firm’s goal of becoming fully integrated along the shrimp value chain.
The Viet Uc-Bac Lieu shrimp processing plant, located in the Hi-Tech Agricultural Park in the coastal province of Bac Lieu, is the first in the country to have automation applied to more than 70 percent of its operations, according to the company.
The first phase of the processing project cost VND 200 billion (USD 8.6 million, EUR 8 million) to complete and has the capacity to process 5,000 metric tons (MT) per year. Viet Uc plans to double its investment into the plant to double its capacity, assuming market demand allows for it.
During its annual stakeholders meeting on 31 May, Viet Uc stated its aim to achieve associated revenue of VND 1.9 trillion (USD 83.3 million, EUR 77.4 million) in 2023, 12 percent higher than 2022, and attain net profit of VND 395 billion (USD 17 million, EUR 15.8 million), up 50 percent year-over-year.
The new plant is a major underlying factor for its ambitious objectives …
Photo by Toan Dao/SeafoodSource
