KUALA LUMPUR: Industrial insulation product maker Poly Glass Fibre (M) Bhd is planning a venture into the aquaculture business.
The firm, in a filing with Bursa Malaysia today, said it has entered into a joint-venture agreement with Hong Len Aquatic Sdn Bhd to set-up a freshwater fish hatchery in Tanjung Malim, Perak.
Poly Glass has earmarked its land in Tanjung Malim for the project. The location of the land, it said, offered high quality limitless fresh water that is ideal for fingerlings cultivation.
"The project aims to setup a 50 acres freshwater aquaculture centre, with an integrated indoor breeding and grow-out facility with annual fish fingerlings capacity of 5 million pieces per year," it said.