Japan's Marubeni Group believes that China's feed market has huge potential
From Intrafish on January 13, the production capacity of China's marine aquaculture industry has increased from 500,000 tons in 2003 to 1.5 million tons in 2019. This is the reason why Japan's Marubeni Group (Marubeni) has set up feed factories in China.
Japan's Marubeni Group has established a good reputation in the feed industry in Japan and has seen better investment opportunities in the industry than in the domestic market. Therefore, it invested 850 million yen to set up a new feed factory in Tianjin.
Japan’s Marubeni Group stated that China’s aquaculture production capacity is already 6.5 times that of Japan, and China’s demand for aquafeed is still increasing accordingly and is expected to expand further.
Japan's Marubeni Group will operate its business in China through its 60%-owned subsidiary Marubeni Nisshin Feed (Marubeni Nisshin Feed). Marubeni Nisshin has started researching the Chinese aquatic feed market in 2015 and will improve it through contracted factories. Brand awareness and product reputation in the Chinese market.
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