December 19, 2007

CP Prima ties with Indonesian farmers to boost shrimp production

CP Prima signed a partnership agreement Monday with local shrimp farmers to expand shrimp productions through its technology.

The farmers work 17,870 shrimp ponds covering some 16,030 hectares of land in Lampung that is owned by Aruna Wijaya Sakti, CP Prima's subsidiary.

Under the agreement, CP Prima, through the supervision of Aruna, will apply its technology to boost shrimp production in the farmers' ponds. The farmers in return will sell their produce directly to the firm, thereby increasing its exports of frozen shrimp, according to operations director Mahar Sembiring.

The agreement also incorporates international standard operating procedures for sustainable and optimum shrimp farm production, Sembiring said .

Indonesian Association of Fisheries Enterprises chairman, Herwindo expressed that the partnership would increase CP Prima's frozen shrimp exports and improve the incomes of shrimp farmers. 

CP Prima, the biggest integrated shrimp producer in the world and Indonesia's market leader in shrimp fry, shrimp feed and fish-feed production, acquired the former Dipasena through a tender in May.

Besides Aruna Wijaya Sakti, CP Prima has two other subsidiaries engaged in the same business in Lampung -- PT Central Pertiwi Bahari and PT Wachyuni Mandira (WM).