Thai Union Frozen Products (TUF) is looking at building a new shrimp-processing plant in India through a joint venture formed with Avanti Feeds, a publicly listed Indian firm in which TUF has a 25.1 percent stake.
Rittirong Boonmechote, president for the global shrimp business of TUF, told The Nation that the company was looking to expand in India via the new JV, in which it would hold a higher stake.
The new shrimp plant will have a production capacity of 15,000 metric tons per year, compared with 8,000 metric tons per year at the existing plant running under Avanti Feeds.
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