Aquaculture joint venture established

A company based in Shenyang has integrated into the Belt and Road Initiative as it established a partnership with an Indonesian company.

Wellhope Agri-tech Joint Stock held a signing ceremony on April 29 with Sekar Bumi Tbk, which belongs to Indonesian Sekar Group, to set up a company. The new company deals with aquatic feed processing, cultivation and trade.

Jin Weidong, president at Wellhope Agri-tech, said at the ceremony: "I think we are very fortunate to find a partner with the same ancestry to start new business in Indonesia together."

Jin said his company will work to seize the golden cooperation opportunity. Wellhope Agri-tech and Sekar Group communicated and visited each other for nearly half a year before signing the cooperation agreement.

According to the official website of Wellhope Agri-tech, executives at the company including Jin saw opportunities in Indonesian aquaculture while managers from Sekar Group praised Wellhope Agri-tech's production, management and technological advantages.

Gu Jingqi, China's consul general in Surabaya, also attended the signing ceremony in Surabaya, Indonesia. Gu said that Sino-Indonesia relations are at their historical peak and that it is very appropriate for Wellhope Agri-tech to invest and cooperate in Indonesia.

Gu said China has been Indonesia's largest trade partner for several consecutive years and the two countries' economic and trade contacts have continuously increased.

Indonesia has a territorial area of about 1.9 million square kilometers and a population of more than 248 million people. The prospects of its agriculture are broad and it has advantages in aquatic cultivation resources, according to Wellhope Agritech's official website.

Sekar Group involves several business fields in Indonesia and is widely known for its aquatic products and food production and processing. Sekar Bumi Tbk, the main partner of Wellhope Agri-tech in the signing ceremony, is a noted company for frozen food processing.

Executives at Wellhope Agri-tech said their cooperation with Sekar Group, with support from Indonesia's advantageous aquaculture and Wellhope Agri-tech's strength in technical management, will help the Chinese company to further expand in international markets, increase brand influence overseas and raise revenue.