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Tanjung Manis Halal Hub gets EUR 400 mln investment

Taiwanese
firm Sea Party International Co Ltd (SPI) and its subsidiaries will
invest MYR 2 billion (EUR 400.1 million) in the Tanjung Manis Halal
Hub.

SPI will spend MYR 318 million (EUR 63.6 million) for aquaculture
activities like breeding tilapia, growing chlorella and producing halal
collagen and gelatine in the first phase.

In the second phase, gelatine will be produced from tilapia scales,
bones and skin; there will be farming of organic prawns and a vendor
development programme, Bernama reports.

Chief Minister Tan Sri Taib Mahmud

The ceremony for the group’s MYR 30 million- (EUR 6 billion)
research and development centre at Tanjung Manis was performed on
Thursday by Chief Minister Tan Sri Taib Mahmud.

The ceremony “will be the starting point to make the halal hub known
throughout the world as the producer and distributor of halal food,”
said SPI President Dr Ray Lin.

Taiwan’s aquaculture and fishing industries both support SPI, he said.

“We also have the help from the professors of the National Taiwan Ocean University and the National Taiwan University of Science and Technology,” he added at the ceremony.

Locals will enjoy jobs and business opportunities through the projects, according to Lin.

“They will be given the assistance and training in fish and prawn
farming so that they will be capable of producing good quality halal
products. Our vendor programmes will help them breed fish and prawn
using biotechnology,” he elaborated.

The group will be environmentally friendly. They have developed
technology to reach optimum productivity while impacting the
environment to a minimum.

All three of the group’s units – Sea Party Industry Sdn Bhd, Sea
Party Technology Sdn Bhd and Sea Party Biotech Industry Sdn Bhd – will
emphasise feed milling. They will produce biotech chicken and eggs and
process downstream.

“Sea Party Biotech will play a bigger role than the other
subsidiaries under phase one of the development since it is responsible
for most of the downstream processed products. It will process tilapia
wastes such as bones, skin and scales into collagen and gelatine in the
forms of hard and soft capsules,” Lin explained.

Sea Party Technology R&D Sdn Bhd will highlight the
transformation of the Tanjung Manis Halal Hub into a global centre for
quality halal food products, he continued.

Because the state and federal governments both support the venture,
Lin said he is positive that the agriculture and aquaculture industries
in Malaysia will be modernised and improved with Taiwanese technology.

By Natalia Real
editorial@fis.com
www.fis.com

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