$12m fishmeal plant planned in Gwadar

$12m fishmeal plant planned in Gwadar

MAYCOM Group and Pakistan's TECNO Group have formalised a joint venture to build a fishmeal processing plant at Gwadar Port with a planned investment of $12 million. The agreement was signed at the 2nd China-Pakistan B2B Investment Conference in Beijing and includes a procurement deal for 10,000 tonnes of Pakistani sesame. Under the venture, TECNO will hold a controlling stake and oversee resource procurement and production in Pakistan, while a …

Pakistan, China launch $12 million fishmeal project at Gwadar port

Pakistan’s TECNO Group, in collaboration with China’s MAYCOM Group, has announced a joint investment of $12 million to set up a state-of-the-art fishmeal and fish oil processing plant at Gwadar Port in Balochistan. The initiative is expected to strengthen Pakistan’s seafood export capacity and expand bilateral trade with China. Agreement and Strategic Importance The joint venture agreement was signed during Prime Minister Shehbaz Sharif’s recent…

Gwadar Fishmeal Plant: TECNO, MAYCOM Invest $12m

Gwadar fishmeal plant: TECNO, MAYCOM invest $12m to boost seafood exports and Pakistan-China trade. The two groups signed a joint venture at the 2nd China-Pakistan B2B Investment Conference in Beijing during Prime Minister Shehbaz Sharif’s visit. The project highlights Pakistan’s efforts to develop its coastal economy and expand seafood exports. Under the deal, TECNO will take the controlling stake with support from the third-party company CYCLO…