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Chinese frozen seafood packer building new coldstore in Shishi.

China Marine Food Group Ltd (CMFO) has broken ground in the Chinese fishing port of Shishi for a 20,000-ton cold storage facility to be opened in 2011.

CMFO is a manufacturer of seafood-based snack foods and marine algae-based soft drinks, and a distributor of frozen marine products. The new coldstore will be built on an 8,691 square meter site next to the company's processing facilities.

Construction costs will be funded from capital generated by operations. The warehouse will also supply the fishing port with needed storage. CMFO expects that, when fully operational, the facility will bring in $8 million in annual storage, blast freezing and ice revenues, plus ring up $4 million in net income.
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Title Annotation:Warehousing World
Publication:Quick Frozen Foods International
Date:Oct 1, 2010
Words:117
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