Thank you! I used google translate to obtain the following English. It's not perfect, but the points are made:
Chinese companies becoming the biggest prawns
Published 23-July-2015, 00:00
The plan is to become one of the world's largest producers of giant prawns. It should be taken under controlled forms in huge tanks, organic, sustainable, and according to the guidelines for the environment as much as possible. Customers belong to a rapidly growing group of conscious Chinese consumers.
Today the company produces Sino Agro Food 1500 tons of shrimp with modern technology. In 20 years' time it will be 300,000 tons of prawns per year, fed on algae and special pellets. The company uses technology that existed in Australia and Europe, but in developed form is new in China and its volume is said to be pioneering in the world.
The company is not likely to be alone in this market. Food security is now high on the list of what the Chinese public worry in daily life. The scandals have succeeded each other and brought consumers in critical thinking when the growing middle class prioritizes health. Larger incomes have increased demand for meat, fish and shellfish that are free from contamination and hormones.
It is this growing demand, we will meet, says Peter Rosta, Chairman of Sino Agro Foods subsidiaries, representative of the Euro China Capital, the largest single funder and former including Head of the Swedish Trade Council in China and Hong Kong.
He shows pictures and diagrams of the pools, which are not yet completed, where giant prawns to be cultivated in southern China. The facility is located in Zhongshan in the sea in Guangdong Province. Fully developed, it becomes 2.5 square kilometers.
- The water basins are taken from the sea, but no water is discharged from the plant to the river adjacent and company founder Solomon Lee (Lee Yip Kun) have promised the authorities to create a wetland for wild birds in the area, says Peter Rosta.
That's because, according to Peter Rosta, that the Australian Lee, who is Chairman and CEO of Sino Agro Foods since 2007, realized that a holistic approach today provides the best conditions to create a profitable business in China, where he has his roots.
The whole thing is an attempt to make up with giant shrimp’s reputation as environmental villain. Mangroves have long been devastated to provide space for shrimp farming. Oceans have been emptied of small fish, which had been ground into meal to give the prawns food. There is currently a ban on imports of Chinese shrimp to the EU.
Since some years are Sino Agro Food on the OTC list in the US, but without to have convinced investors about their potential, in part perhaps because of the combination of China and foods that do not have the best reputation. Analysts have also described the company as difficult to get an understanding.
The company is waiting for the green light for listing on the Nordic Exchange in the near future.
- Torbjörn Petersson
