Monday, 24 December 2012

Thais tie up a new net factory deal

Thailand-based Mitsui Company is in talks with the Myanmar Fisheries Federation (MFF) to invest in Myanmar’s first fishing net factory, an MFF representative said last week.

“There is no fishing net factory in Myanmar, so fishermen and fish farmers are faced with many difficulties. There will be a factory coming soon,” MFF member U Han Htun announced on Tuesday, December 18.

A fishing net factory had originally been planned for construction in Yangon’s In Sein township in 1972. However, the construction was never eventuated and local fishermen have had no other option but to buy expensive fishing nets from neighbouring countries, according to the MFF.

source: The Myanmar Times
http://www.mmtimes.com/index.php/business/3629-thais-tie-up-a-new-net-factory-deal.html

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