Japan's Okamura Foods, a company engaged in value chain operations from upstream aquaculture, will establish a wholly owned subsidiary engaged in overseas wholesale business activities in the Netherlands.The establishment of the Amsterdam-based subsidiary, which will be named Okamura Trading Netherlands, is part of Okamura's strategy of expanding its overseas wholesale business, through which it will increase sales in farmed fish and fish roe in existing countries of operation while also considering the establishment of new sales bases.Currently, the group has established subsidiaries and conducts commercial product sales in Southeast Asia and East Asia. Sales at these Asian bases have been steadily expanding toward the targets set forth in its medium-term management plan. To achieve further business growth, the group aims to make a full-scale entry into the European market.Okamura owns an aquaculture subsidiary in Denmark and aims to provide highly processed products using salmon trout and roe supplied through this geographically close subsidiary.In addition, the group plans to support the sales of salmon trout and roe supplied from future aquaculture operations in Latvia, where trial aquaculture is scheduled to commence, thereby supporting the expansion of the group’s aquaculture business as a whole.The Netherlands subsidiary will become Okamura’s seventh overseas wholesale base, following Singapore, Malaysia, Taiwan, Thailand, Vietnam, and Hong Kong.
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