The Pingtan International Marine Industry and Logistics Park will open later this year Photo: Pingtan Marine EnterpriseThe Pingtan International Marine Industry and Logistics Park will open later this year Photo: Pingtan Marine Enterprise

Pingtan Marine Enterprise has completed construction of the Pingtan International Marine Industry and Logistics Park with operations expected to commence by the end of the year.

The Marine Industry Park, located at North Aoqian Road in the Pingtan Comprehensive Experimental Zone of China, was developed and will be operated by Global Deep Ocean Fishing (Pingtan) Industry Co. The park covers an area of around 40,000 square metres and has a floorage of more than 80,000 square metres. The facilities include a sub-zero and low-temperature freezing centre, fish processing plant, distribution centre and office complex.

Xinrong Zhuo, chairman and chief executive of Pingtan, said that the park was a key part of the company’s long-term growth strategy and an important link to start the direct-to-retail business. “We have spent years in preparing for the company’s vertical integration. We have reached a consensus with GDOF that the Marine Industry Park will become the consigned fish processing base of Pingtan, responsible for processing, packaging and distributing Pingtan’s retail products,” he said.

The Marine Industry Park integrates multiple functions such as cold-chain logistics, processing and bonded storage. Once in operation, the fish processing plant will be able to process 100,000 tonnes of catch annually and the freezing centre will provide more than 250,000 tonnes of annual storage capacity.

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