News 235 views last update:6 Aug 2012

Joint venture to promote aquafeed in China

Kiotech International PLC said it is in the final stages of agreeing a joint venture in China, in which the company will have a majority stake.

The supplier of high performance natural feed additives to the aquaculture and agriculture markets said the joint venture will help the process of registering Aquatice, a chemosensory stimulant for fish feeding, in that country. Kiotech receives considerable interest in the fish stimulant and is taking steps to work with some of those parties on the commercial development of the product. The company added it is focusing on improving the gross margin and on developing new products and territories.

Agil aquisition
At Agil, an animal-feed additive firm that Kiotech bought last November, chairman Richard Rose said: "We are pleased with the progress management is making bedding in the Agil acquisition. Agil has recently taken its first order in Sri Lanka for Salkil and its Bactacid product has been well received in the Ukraine."

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