Marubeni Corporation has opened an aqua-feed manufacturing and sales business in China through Marubeni Nisshin Feed Co, a Marubeni subsidiary (60% owned by Marubeni)
Marubeni Nisshin Feed has been producing high-quality aqua-feed in Japan for more than 60 years and holds the largest share in domestic aqua-feed sales volume, according to a news release by the company.
Marubeni Nisshin Feed has been researching and keeping a close eye on the marine aquaculture market in China since 2015 in anticipation of expanding its business into the large Chinese market.
Additionally, Marubeni Nisshin Feed has increased its own brand awareness and the reputation of its products in the Chinese market by manufacturing aqua-feed at factories owned by a partner company in China. Commercial operation and supply are scheduled to begin in or after January 2021.
As of 2019, the production scale of marine aquaculture in China has reached about 6.5 times the production in Japan, according to the China Fisheries Statistical Yearbook, Ministry of Agriculture, Forestry (2019).
Marubeni Nisshin Tianjin will develop and provide safe, secure and high-quality products by utilising the manufacturing knowledge and experience of aqua-feed built up by Marubeni Nisshin Feed over years of doing business in Japan.