Texchem to Expand Asean Seafood Ops
April 26, 2010
Texchem Resources Bhd plans to set up a second seafood processing facility in the Asean region and expand its disposable medical devices manufacturing activities. Indonesia was a potential location for the facility, which required an initial investment of RM15mil to RM20mil, chairman Tan Sri Fumihiko Konishi told StarBiz Texchem operates a seafood processing facility in Myanmar under A.S.K. Andaman Ltd that sources about 60 percent of its seafood supply from Malaysia and the rest from Myanmar. A second seafood manufacturing facility in the region would further reduce the dependency of the group’s seafood supplies from Malaysia. Besides Andaman, the group manufactures and trades through subsidiaries such as Texchem Food Sdn Bhd and Sea Master Trading Sdn Bhd, and Ocean Food Pioneer Sdn Bhd. The group produced over 23,000 tons of processed seafood products last year. The products are still unable to enter the Europe, as it has yet to obtain clearance from the local authorities as well as from the European Union.