Soft shell crab farm planned in Myanmar
George Town - Malaysia's conglomerate Texchem Resources Bhd (TRB)'s food division plans to double its production of soft shell crab in Myanamr this year.
The company’s food division plans to further invest in Myanmar this year.
“We are presently producing 800 tonnes of soft shell crab annually in Myanmar. “The new project will be located in Labuta, which will eventually double the current annual production in five years for the global market,” said Group executive chairman Tan Sri Fumihiko Konishi.
In Malaysia, the group will set up a seafood processing facility in south of Pahang this year.
“The facility will produce fish, shrimp, and cuttle-based seafood products for the markets in Taiwan, South Korea, Japan, and Australia,” he said.
The group is allocating RM20 million (US$5.51 million) for the food division’s expansion plans.
The company will invest about RM50mil (US$13.79 million) in 200 Yoshinoya and Hanamaru brand name restaurants in Malaysia over the next five years.
Konishi said the investment was being planned due to the growth in demand for new concept restaurants.
He added that the investment would continue to ensure the restaurant division remained the most profitable segment. He spoke at a press briefing to disclose the completion of the group’s 28 per cent equity disposal in Sushi Kin Sdn Bhd to Asia Yoshinoya International Sdn Bhd, which is a wholly owned subsidiary of Japanese fast-food restaurant giant Yoshinoya Holdings Co Ltd.
“The plan for the next five years is to set up 100 Yoshinoya and 100 Hanamaru restaurants in the country. We also plan to increase the number of Sushi King outlets in Malaysia to 150 by 2019 from 89 presently,” he added.
Konishi said the restaurant division was the most profitable among the four business segments in TRB.
