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business relationships in Asia to grow the brand, investing in improvements to achieve this. Krsinich, general manager of Jade Tiger Abalone, said he was delighted with the takeover as it would give the brand access to CMG established channels with the Asian market.
The $20 million deal is six months in the making and includes a phased capital investment program to grow the business, boost exports and create 15 20 new jobs over the next three years.
CMG chief executive David Lock said the company, among Australia leading domestic and overseas suppliers of products such as pork and seafood, would work with the local community to create long term opportunities and help fight the region current jobs crisis.
seek to work with the community, we want to employ local people and invest back into the business to grow the area, Mr Lock said.
has an enviable reputation in Asian markets, particularly Hong Kong and Singapore, for delivering a consistent, high quality and sought after product.
Tiger Abalone is a well Nike Uptempo Villa established premium seafood brand with great potential for further export market growth, he said.
open a $1 million processing plant for frozen abalone in mid 2015 would be put on hold to focus on exploring options in the live market.
He said plans revealed by the aquafarm in April to Nike Uptempo On Sale
will use our market knowledge, proven experience in the seafood industry and strong Nike Uptempo Pippen For Sale
will be in our stable for a long time and we will ensure we make it successful in partnership with the community. said Nike Air Max Uptempo 97 Size 12
the purchase was a key part of CMG strategy to meet rising demand in Asia for speciality seafood.
Abalone producer shells out to create jobs at Indented Head
The aquaculture abalone farm is the largest in Australia, employing 35 people and exporting to eight countries.
Fremantle based agribusiness Craig Mostyn Group has announced it had bought out Indented Head Jade Tiger Abalone from Greater Southern Waters, with plans to double the facility yearly production capacity to about 440 tonnes by 2017.
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