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Strategic Contract in Malaysia


AKVA Group has been awarded a contract together with the Malaysian based construction company Erat Semarat Sdn Bhd for the building of a marine hatchery for the Malaysian Authorities.  The National Hatchery will be built in Rompin in the province of Pahang, Malaysia, and is designed for the production of 5 million marine fish fry's, initially planned production of Tiger Grouper and Asian Seabass. The fry will mainly be delivered to local fish farming companies in the Pahang province. The equipment delivered will be of UNI recirculation technology and other AKVA group technologies. The contract value of this delivery is of about 10 MNOK for AKVA group, and the delivery will take place over the next 12 months.
 
The delivery is a first part of the Malaysian authority's initiative to increase the aquaculture production in the country. The purpose of this is to reduce the country's dependency of fish import and to build an export industry within the seafood sector. The plan involves raising the country's fish output from 320.000 tons to 650.000 tons by 2013. AKVA group has been working actively over the last 18 months in the Malaysian market and AKVA group is by the achievement of this contract well positioned to take part in the building of this industry in Malaysia.

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