Joint venture to promote aquafeed in China

05-07-2007 | |
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.”

Related
website:
Kiotech

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