Ninh Thuaän to smell fishier
NINH THUANÄ A groundbreaking ceremony for the Ca Na fish sauce factory took place in the southern province of Ninh Thuanä on April 16.
The project is the largest in the province, with investment capital of US$10 million. The Nam Mienà Trung Aquaculture Investment Co Ltd and the local Peoples Committee organised the ceremony.
Located in Phöôùc Minh Commune, Thuanä Nam District, the Ca Na fish sauce factory project will be built on more than 37,700sq.m area and produce 3.8 million litres per year.
Investment capital for the first phase of the plant is $4.5 million and the plant is expected to come into operation in April next year.
Nguyeãn Hoaøng Anh, general director of the Nam Mienà Trung Aquaculture Investment, said the factory will focus on producing products using high technology from Japan to shorten time for processing and reduce costs while enhancing quality of products.
The factory is expected to expand its production capacity to 20 million litres per year after completing satellite processing plants.
Revenues are expected to reach VNÑ400 billion ($17.6 million) by 2020. VNS