December 28, 2006

Dalian Xin Zhong Seafood sets up new US$76.8 million plant in China's Dalian Bay

Dalian Xin Zhong Seafood Co. Ltd. recently started operations at its new plant in China's Dalian Bay, Liaoning province, which was established at a cost of RMB600 million (US$76.8 million).

Many aquatic companies have been set up operations in Dalian Bay, including an aquatic product trading centre owned by Liaoning Fishery Group and another state-owned one situated in the region's Mianhua island village. The combined inventory volume of these two trading centres and some 80 major aquatic processing businesses located in Dalian Bay is close to 300,000 tonnes, or a third of the region's total aquatic product inventory volume. 

With Dalian Bay exporting over US$60 million worth of aquatic products annually, the region is set to be the biggest aquatic product trading centre and export processing base in north-eastern China, possibly even in north-eastern Asia.