Avanti Feeds Invests USD 3M in Ecuador JV

Avanti Feeds' board approved a USD 3 million investment in Thai Union Feedmill Ecuador S.A.S. (TFME), a yet-to-be-incorporated entity in Ecuador.
TFME will be 10% owned by Avanti Feeds, engaged in aquaculture feed manufacturing and distribution in Ecuador, South America.
The holding company of TFME is Thai Union Feed Mill Public Company Limited, Thailand, which is an Associate Company and JV partner of Avanti Feeds Limited.