Operations

Full Capacity
CP Prima’s major constraint to growth prior to 2007 was production capacity.  The 3,856-odd shrimp ponds that CP Prima operated before 2007 were churning near maximum harvest output every cycle, for a total of approx. 57,000 MT of shrimp per annum.  Production had been stretched to the limits, with little room for growth or extra capacity, if at all.

Our acquisition in July 2007 of the Dipasena Group assets – which together had accounted for the world’s largest shrimp farming infrastructure on a single site – effectively relieved our capacity constraint.

Increasing Production Capacity
While revitalization works have had to be undertaken with respect to the Dipasena ponds, the relatively low output efficiency of these ponds after many years of semi-neglect presents tremendous turnaround opportunity for us.  On a pond-for-pond basis, CP Prima is nine times more productive than the yield of Dipasena at the time of acquisition.  Assuming that we can revitalize the Dipasena ponds to produce the same yield as those of ours – our combined harvested shrimp capacity is expected to ultimately increase by nearly 280% from 57,000 MT to over 200,000 MT by 2010.

Revitalization Works
Our revitalization works had proceeded at pace almost as soon as formalities of the acquisition were completed.  More than 130 different work packages needed to be monitored by our engineering project management team.  A dedicated Project Management Office (PMO) was established on site and working around-the-clock. Over 1,800 pieces of equipment and parts were procured, requiring us to mobilize considerable administrative resources to task.