NaturalShrimp, Inc. (OTCQB:SHMP) is expanding production at its La Coste, Texas plant.
NaturalShrimp has purchased 20 new fiberglass tanks at an approximate purchase price of $200,000. The tanks are being purchased from Red Ewald, a manufacturer based in Karnes City, Texas, and these tanks will work in conjunction with the previously announced EC and filtration units at the plant. When completed, the facility will contain 40 separate grow out fiberglass tanks that will allow year-round shrimp production when fully stocked. In addition to generating revenue, this facility will also serve as a future research facility for other shrimp production facilities.
Tom Untermeyer, Chief Technology Officer of NaturalShrimp, commented: “After extensive research and review of tank options, we concluded that the Red Ewald’s fiberglass tanks are the most operationally functional tanks available. I am really looking forward to completing the upgrade of the La Coste facility and growing fresh, natural shrimp without toxic chemicals or antibiotics.”