MAG will hold a 35pc market share for king prawn breeding capacity locally
KUALA LUMPUR: MAG Holdings Bhd (MAG) is expected to capture a 35 per cent domestic market share with a breeding capacity of 4,000 tonnes vannamei (whiteleg shrimp or king prawn) per year from its 235 cultivation ponds.
The capacity expansion will be possible following MAG’s acquisition of North Cube Sdn Bhd (NCUBE), which will solidify the company’s position as one of the top three players in the local aquaculture industry.
MAG, in a statement, said the breeding capacity in Malaysia is currently about 40,000 tonnes per year.
Read more:
