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Matrix Biosciences plant on stream

HYDERABAD: The Hyderabad-based Matrix Biosciences (earlier known as Matrix Vet Pharma) announced that its shrimp feed plant at Rajanagaram (near Rajahmundry) has gone on stream recently. Originally started as a formulations and medicaments company for aqua, veterinary and poultry in 1999, the company changed its name and entered into a technology and service agreement with Cargill Inc., a U.S.-based firm, to provide technical expertise in design and erection of the feed plant.

The agreement also provides for technical expertise in production, quality and marketing. According to a company press release issued here on Thursday, Matrix will be given exclusivity of Cargill Technology in India and is also authorised to use Cargill's brand name in marketing its products. Matrix's feed mill has a total capacity of 20,000 tones annually.

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