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Oceania

Japan’s Nissui buys into giant Australian land-based shrimp farm for $19m

Seafarms Group's Project Sea Dragon said it was a 'company-making agreement', and that it gains a partner with 'extensive international marketing, distribution and logistics expertise'

By Undercurrent News | May 23, 2018 09:18 BST
Seafarms Project Sea Dragon will be a staged development of up to 10,000 hectares of prawn production ponds, supported by a series of geographically separate facilities across northern Australia.
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Australia's Seafarms Group (SFG) has announced an AUD 24.99 million ($18.9m) investment from Japan's Nippon Suisan Kaisha (Nissui) for its giant, land-based shrimp farm project. [...]

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Japan’s Kibun to strengthen domestic ops with subsidiary merger

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