Poly Glass in JV to set up fish hatchery in Tanjung Malim

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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

CTOS posts RM11.67mil profit in Q3, hopes CCRIS access restored soon�
Bertam accepts RM24.98mil subcontract to build MACC Sabah complex�
Day traders are sparking a bitcoin futures frenzy on ETF bets
Singapore's surge in power prices spike partly due to lower Indonesian gas -regulator
Eye specialist TopVision buys majority stake in small glove exporter
WCT’s RM5.4b order book provides earnings visibility over next four years
MARC lowers Segi Astana RM415m rating, outlook negative
FBM KLCI ends week on positive note
Duopharma distributes Sinopharm Covid-19 vaccine
ICT industry contributed 22.6% to GDP

Others Also Read