Minh Phu owns two processing plants and shrimp farms equivalent to an area of 900 hectares in southern Vietnam

Mitsui to acquire 35pc stake in Vietnamese shrimp producer Minh Phu

Japanese trading group Mitsui & Co., Ltd. has agreed with  Vietnam-based Minh Phu Seafood Joint Stock Company, the world's biggest shrimp integrator from farming to processing and sales, to acquire a 35.1 per cent equity interest of the company for JPY 17 billion (approximately USD150 million).

Minh Phu owns two processing plants and shrimp farms equivalent to an area of 900 hectares in southern Vietnam. It has built a strong position by vertically integrating all stages from shrimp farming to processing and sales. Minh Phu's extensive range of products, including value-added products, are exported to around 50 countries, notably the United States and Japan. The company accounts for approximately 20 per cent of Vietnam's total shrimp exports.

Minh Phu end-to-end value chain of shrimp

In 2013, Mitsui invested in Minh Phu Hau Giang Joint Stock Company (MPHG), a processing plant affiliated to Minh Phu. Since then Mitsui has contributed to optimizing management and operations of MPHG. By investing in the parent company, Mitsui says it will be able to apply the initiatives developed inside MPHG over to the entire Minh Phu Group, and to leverage the sales networks established by Mitsui's global group to expand the company's sales.

Minh Phu shrimp products

Mitsui will also help Minh Phu to achieve further growth through the application of digital technology including AI in farming ponds and processing plants and the enhancement of the efficiency in shrimp supply chain from farming to marketing.

Minh Phu shrimp products

Mitsui has identified Nutrition & Agriculture as a new growth area under its Medium-term Management Plan. World demand for sustainable proteins is expanding along with population growth and the expansion of the middle class globally. Through this investment, Mitsui will continue its efforts to improve productivity, stability and sustainability of supply, while adding values to food products.

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