indonesia CP Prima s Production soars

Indonesia

CP Prima’s Production Soars, Up 77%

Jakarta...PT Central Proteinaprima (CP Prima), the largest shrimp farm in the world, said its production of frozen shrimp rose 77 percent to 36,221 metric tons in 2007, up from 20,446 tons in 2006.

Gunawan Taslim, CP Prima’s finance director, said PT Aruna Wijaya Sakti, a shrimp farm that it acquired in early 2007, contributed to the surge in production. An increase in the selling price of shrimp in export markets also encouraged more production.

The company’s sales (including feeds) were $266 million in 2007, up 19.87 percent from $215 million in 2006. Net profit rose 83.8 percent to $38.5 million.

Source: Seafood.com (an online, subscription-based, fisheries news service). CP Prima boosts shrimp production by 77 percent. Ken Coons (phone 781-861-1441, email kencoons@seafood.com). Editor and Publisher, John Sackton (phone 781-861-1441, email jsackton@seafood.com). May 27, 2008.