August 4, 2010

Malaysia's SCC Holdings eyes aquaculture market

As an expansion of its animal health products division, SCC Holdings Bhd is aiming to venture into the aquaculture market by year end.

At a press conference after SCC's listing on the ACE market of Bursa Malaysia, managing director Francis Cher Sew Seng said the aquaculture market represents great potential and presents the company with an avenue to increase its market share.

SCC's animal health products are currently targeted at the local poultry and swine livestock market. As such, SCC has been conducting practical tests at aquaculture farms to assess the potential of promoting its animal health products.

"These aquaculture feed additives, through water treatment and a clean feed programme, will be able to combat some common problems in aquaculture farming and help cultivate the prawn and fish industry," he said, adding that SCC hopes to change the use of antibiotic products at farms to non-antibiotic products.

SCC has a gross profit contribution of 50.1% in its animal health products division, Anitox Malaysia Sdn Bhd and 49.9% in its food service equipment division, SCC Corporation Sdn Bhd.

"Looking at the market potential, we're anticipating balanced growth from these two divisions," he said.

Cher said SCC was also expanding into regional markets through its existing business in Indonesia and Brunei and new markets such as Vietnam and Cambodia for both its animal health products and food service equipment.