Danish tech solutions company expands into Asia
ASSENTOFT Aqua A/S, based in Denmark, has announced the setup of their Asian operations as part of their global expansion plan. Assentoft Aqua Asia Pte Ltd will be based in Singapore.
The recent Covid 19 pandemic has grossly exposed the gaps and weaknesses of our global supply chain which has exacerbated the threat against our food security infrastructure. Coupled with dwindling numbers of wild captured fishery globally, which is now a known fact, it is a matter of time before our ocean resources are depleted.The future of food fish production has been shifting and will ultimately move towards land-based aquaculture. Asia is the world’s largest aquaculture producer and the launch of Assentoft Aqua Asia could not have taken place at a better time than this.
‘The decision to choose Singapore as the location for the launch of our Asia base was a natural choice as entering any of the markets in Asia for the first time will be extraordinarily exciting for any business. The challenges will be immense but so will be the rewards.We believe that Asia will be the next epicentre for Aquaculture growth and Singapore is strategically located in the heart of Asia and is the ideal spring board for entry into the Asia market including mainland China’ – Said
Peter Damgaard Nielsen - Chairman, Assentoft Aqua Asia.
The company has also announced the appointment of Associate Professor Matthew Tan as the Chief Executive Officer, Asia and Director of Assentoft Aqua Asia Pte Ltd.
A/Prof Tan is a veteran in the aquaculture industry and was previously the Chief Executive Officer and Director of Oceanus Tech Pte Ltd, which is a wholly owned subsidiary of Oceanus Group Ltd – One of the world’s largest landbased aquaculture company which is listed on the main board of the Singapore Stock Exchange.
A/Prof Tan is also Singapore Representative (Private Sector) to APEC Policy Partnership on Food Security and Co-Chair for Sustainable Development in Agricultural and Fishery sectors where he co-ordinates discussions between senior officials,APEC governments and the private sector on the use of technology and combined resources for Sustainable Development in the Agriculture and Fishery Sectors.
He brings a valuable wealth of experience to Assentoft and will be supporting our pipelines of RAS projects (both Salmon & Tropical Pelagic) in Asia plus responsible for the setup of Assentoft Research & Development centre in Singapore.
Welcoming the development,Ambassador Dorte BechVizard from the Royal Danish Embassy in Singapore, said:
‘Denmark is known for high quality and sustainable food production and is a leading exporter of food and food technology worldwide.Throughout the Danish food production chain, you can find innovative, new solutions to global climate challenges for a world that soon has to feed 9 billion people.With Singapore’s growing focus on food security and sustainability, new opportunities are arising for Danish companies to be part of Singapore’s food story.As the newest member of the family, I am pleased to welcome Assentoft Aqua to Singapore’.