January 5, 2021
Marubeni opens aqua-feed business in China
Marubeni Corporation announced late last month the start of an aqua-feed manufacturing and sales business in Tianjin, China through Marubeni Nisshin Feed Co., a Marubeni subsidiary (60% owned by Marubeni), the company said in a press statement.
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. Marubeni Nisshin Feed has been researching and keeping a close eye on the marine aquaculture market in China since 2015 in anticipation of expanding their business into the Chinese market.
Additionally, Marubeni Nisshin Feed has increased their brand and product awareness in the Chinese market by manufacturing aqua-feed at factories owned by a partner company in China. Marubeni Nisshin Feed therefore established Marubeni Nisshin Feed Technology (Tianjin) Co., Ltd, which is the first fully-owned Japanese aqua-feed producer in China.
Commercial operation and supply are scheduled to begin in or after January 2021.
As of 2019, production of marine aquaculture in China reached about 6.5 times of that in Japan, according to data from the 2019 China Fisheries Statistical Yearbook from the Ministry of Agriculture, Forestry.