The Muyang Group of China is all set to supply the latest machinery to help an Andhra-based firm to set up a fully-automated aqua feed plant.
The Yangzhou headquartered, Muyang Group, a leader in feeding machinery and agriculture engineering, has signed a deal with Shree Vijay Aqua Feeds to supply the machinery worth Rs 30 crore. The latter is setting up a Rs 80 crore plant in Saripalle village near Bhimavaram in West Godavari district of Andhra Pradesh.
The machinery for the fully-automated extruded floating fish feed and pelleted shrimp feed plant is scheduled to arrive in May. “We expect to commission the plant around December 2012. It will have a capacity of 40 tonnes/hour and 180, 000 tonnes a year,” Mr B.K. Murthy, Managing Director of Shree Vijay Aqua Feeds, told
Muyang Group, with operations in 85 countries is a solution provider in feed manufacturing, grain milling, food processing, bulk solid handling and storage etc. The latest machinery is expected to help improve yield and quality of aqua feeds to meet global export standards for Shree Vijay.
The Vijayawada-headquartered, 12-year-old group with a turnover of Rs 400 crore, exports 57,000 tonnes of fish and shrimps presently, with the US being the major market. It has developed the complete “farm to fork” value chain - from hatching, feed and culture to processing and exports.
The agreement with the Chinese firm was done recently, when the Muyang Group President Mr Fan Tianming visited India.
Shree Vijay trades over 60,000 tonnes of aquatic feed a year. It has set up over 300 acres of semi-intensive farms with a capacity of over 1,900 tonnes a year and block freezing capacity of over 40 tonnes a day, Mr Murthy said.