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July 12, 2013

Thailand

Cargill Buys Shrimp Feed Company

 

On July 11, 2013, Cargill’s animal nutrition business announced that it is expanding its investment in the shrimp feed industry in Thailand by purchasing Siamakme Aquatic Feeds Co., Ltd., a shrimp feed manufacturer in Thailand.  Terms of the agreement were not disclosed.

 

Cargill has assumed 100 percent ownership and operation of the Siamakme manufacturing facility, located in Petchaburi, Thailand. The facility, which was built in 2001 and expanded in 2008, has a production capacity of 60,000 metric tons of shrimp feed per year.

 

The acquisition adds to Cargill’s existing shrimp feed production capabilities in Mexico, Nicaragua, Honduras, Guatemala, Peru, Venezuela, India, Malaysia and Vietnam.

 

Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services. Founded in 1865, the privately held company employs 142,000 people in 65 countries.  Cargill’s activities in Thailand started in 1968 with the opening of a trading office in Bangkok.  Today Cargill’s operations comprise the origination, sourcing, processing, handling, distribution and marketing of a wide range of products including agricultural commodities, animal feed, poultry and food, as well as food and beverage ingredients.  The company employs more than 12,000 people across nine locations in Thailand.

 

Siamakme Aquatic Feeds Co., Ltd., founded in 2000, is an aquaculture feeds manufacturer specializing in the production of various marine shrimp feeds, including black tiger shrimp (Penaeus monodon), Western white shrimp (P. vannamei) and freshwater prawn (Macrobrachium rosenbergii) feeds.  With a manufacturing facility in Petchaburi, Thailand, the company is at the center of all major shrimp-producing countries in Southeast Asia.

 

Information: Jeanny Hung, Managing Director, Siamakme Aquatic Feeds Co., Ltd., 808 Soi Yuchareon 29, Samsennok, Huaykwang, Bangkok 10310 Thailand (phone +66 2 691 7033, email contact@siamakme.com, webpage http://www.siamakme.com).

 

Information: Watcharapong Poomongkutchai, Managing Director, Cargill Feed & Nutrition Thailand, 18th Floor and 21st Floor, Sindhorn Building Tower 3, 130-132 Wittayu Road, Lumpini, Bangkok 10330 Thailand (phone +66-2-263-2929, fax +66-2-263-2940, webpage http://www.cargill.co.th/en/index.jsp).

 

Source: Aquafeed.com (a free, online newsletter about the feeds used in fish and shellfish farming).  Editor, Suzi Fraser Dominy (editor@aquafeed.com).  Cargill Buys Siamakme Aquatic Feeds Co., Ltd.  July 11, 2013.

 

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