Vinh Hoan Corp: Investment on Collagen production project

At present, the project has finished the laboratory stage. It's expected in Q1/2011, the company will start building the plant with the total investment capital of 12 million USD in which loan accounts for 50% and designed capacity is 1,000 tons of final products per month, reports www.megafishnet.com with reference to VASEP.

Mrs. Ngo Vi Tam, Deputy Director of Vinh Hoan Corp said the collagen export price is much higher than that of frozen pangasius price. Frozen pangasius price for export only fluctuates from 2-4USD/kg while collagen price in the world market values at 25-30USD/kg. So by-product pangasius price maybe is 8-10 times higher than that of qualified pangasius product.

According to business results forecast of collagen plant of Vinh Hoan Corp, in the first operating year, 2012, post-tax profit probably would get approximately 1.1 million USD or profitable ratio over revenue is about 15%. The total production in 2012 is estimated to gain 1,000 tons of final-product collagen, mainly exported to major markets such as the U.S., EU countries.

In recent time, Vinh Hoan Corp has produced sucessfully sample collagen from fish skin in a laboratory in the U.S. At the moment, Vinh Hoan Corp has accessed and negociated collagen consumption with partners in the U.S., Europe, and Japan...and simultaneously, organized marketing the product in the U.S.and South Africa markets.

VINH HOAN CORP

Mrs.Truong Thi Le Khanh - Chairwoman and General Director

Add: National Road 30, Ward 11, Cao Lanh City,Dong Thap Province

Tel: + 84 67 3891166

Fax: +84 67 3891062

Email: vh@vinhhoan.com.vn

Web: www.vinhhoan.com.vn