The company also plans to purchase a tilapia gelatin plant to develop value-added products, including cosmetics, company Vice President Israel Snir said.
Aquafinca expects to produce 17 million pounds of tilapia this year, said Snir.
Honduras posted tilapia exports of $42.5 million (€28.5 million) through the first nine months of this year.
“There is still uncertainty at international level but our doubt is whether prices will recover in the U.S. marke," Snir told the local press in Honduras. "We have already entered that country with frozen tilapia, and that market still needs development, and the problem is, according to our forecasts, the U.S.
