Multiexport and Mitsui to produce trout and Coho
According to the information provided by Multiexport to the Chilean Securities and Insurance Supervisor or SVS, the local salmon producing company Salmones Multiexport has signed an agreement with Mitsui & Co. to create a company oriented to farm, process and trade Coho salmon and Rainbow trout, intended to be exported to China and other Asian markets.
Within this joint venture, Multiexport will contribute with 7 freshwater licenses and 14 sea water licenses, together with those fixed assets and the biomass of fish needed to operate two farming sites.
Meanwhile, Mitsui & Co. will buy 30 percent of the new company in US$ 36 million.
This agreement is part of the plan developed by Multiexport to separate its business in three activities: production of Atlantic salmon, production of Coho salmon and Rainbow trout, and processing and trading.
