ASTANA, Kazakhstan, August 15. Thai SeaValue PLC has its sights set on opening a plant in Kazakhstan to bring home the bacon with their canned, processed fish products and frozen semifinished products, Trend reports.
This topic was chewed over during a powwow between the Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan Gabidulla Ospankulov and the President of the Thai company Poj Aramwattananont.
First and foremost, the investment amount will be a whopping $6 million, and the production capacity will be a fishload of 3–5 tons of fish products per day.
In the long run, the company has big plans to broaden their horizons and bring more products to the table, all made right here in Kazakhstan. Sea Value is currently in the process of locating a suitable piece of land.
Local fisheries are expected to bring home the bacon by supplying the raw materials for production, and the finished products will be shipped off to Thailand and other countries.
Following the meeting, representatives of Sea Value and KAZAKH INVEST (a national company) signed a memorandum of cooperation in agriculture and the food industry. Also, a memorandum on bilateral investment cooperation was signed between KAZAKH INVEST and the Kazakh Thai Alliance.
In the meantime, the trade turnover between Kazakhstan and Thailand hit the jackpot at $367 million in 2023.