ASM Group to build fish oil refining factory

Representatives from Sai Mai An Giang Group and Desmet Balesstra Group sign a contract to provide equipment for the fish oil-refining factory.

Sao Mai An Giang Group (HOSE: ASM) on December 22 announced that it would invest US$15 million to build a fish oil-refining factory in the Mekong Delta province of Dong Thap.

The group also signed a contract with Belgium’s Desmet Balesstra Group to provide equipment for the fish oil-refining factory, which will have the capacity of producing 100-200 tons of fish oil per day.

The factory is expected to start operations at the end of 2011.

Covering an area of over 23,000 square metres, the factory is expected to supply fish oil products, which will be extracted from tra and basa fish fat that come from the Mekong Delta region.

Thanh Huong

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