Hongdong Fisheries Co., Ltd., founded in 1999, has nearly 3000 employees at present. Specializing in pelagic fishing, fishing bases operation, cold chain logistics, aquatic products processing, marine bioengineering, import & export trade, aquatic products marketing management, Hongdong is a large-scale integrated fishery enterprise with a complete industrial chain. Currently, it is also a pelagic integrated fishery enterprise with the largest number of mono-hull ships, the complete fishing methods, the largest categories of aquatic products and the most complete industrial chain in China. Pure natural deep sea fishing products are Hongdong’s primary products, which are exported to Asia, Africa, Europe, Australia, the United States and other countries and regions. The company has built up EU standard customs bonded cold storage and aquatic products processing plants, and its products have been registered and certified in EU, the United States, Brazil, etc.

　1.     Overseas Industrial Planning

　　a)     Mauritania. The company has built a comprehensive fishery base that is equipped with docks, cold storage, processing plants, fish meal plants, shipyard, ice-making plants, seawater desalting plants, oil depots, warehouse, office buildings, staff training centers and living quarters. With a total investment of 300 million USD, the project has directly created nearly 2,000 jobs for local people, becoming the largest overseas fishery base built by Chinese enterprises, as well as the largest enterprise in Mauritania.

Hongdong Overseas Fishery Base in Mauritania

　　b)    Guyana. The company has invested and built a multi-functional industrial park integrating aquatic products fishing, processing and export, cold storage and re-export trade, which covers an area of about 30,000 square meters and directly creates more than 300 jobs for the local community.

Hongdong Overseas Fishery Base in Guyana

2.     Operational Methods and Experience of Hongdong’s Overseas Bases

　　a)    In-depth Researches and Reasonable Planning

As building a pelagic fishery base requires a large sum of money but costs a long time to return, Hongdong Fisheries Co., Ltd. will conduct in-depth researches and planning on local politics and diplomacy, social security, laws and regulations, fishery resources, infrastructures, folk customs, etc. The company adheres to four principles in selecting the locations of investment projects: abundant fishery resources, high degree of political stability, bilateral friendship and standardized fisheries management.

　　b)    Localized Management for Win-Win Cooperation

Based on the needs of local government and people of investment destination, as well as its own investment plans, Hongdong carries out infrastructure construction with the principle of “openness for shared future, cooperation for win-win development”. For example, in Mauritania Fishery Base, Hongdong upholds the concept of “sustainable development of fishery resources” and carries out a comprehensive development with six fishing methods for different sea areas and fish species in Mauritania, which promotes a better development of local fishery resources. Meanwhile, the company operates its production in strict accordance with the fish species, specifications, sea areas and allowable catch stipulated by law. Also, the whole industrial park is equipped with sewage and exhaust gas treatment facilities, preventing it from destroying the local environment caused by overfishing and pollution. 

While fishing, Hongdong has brought technologies of processing, refrigeration, ice making and ship repair to local community. And that hereby promotes local training and employment, upgrades the fisheries industry, and increases local financial and foreign exchange income. The company respects local Islamic culture and sets up prayer rooms in each workplace for local employees, which have won the support of the people and the government and established a people-to-people friendship of equality and mutual trust.

　　c)     Law-abiding and Risk-averse Operation

When going abroad, Hongdong keeps in mind the bottom line of safe production and the red line of law-abiding operation. In the process of production and operation, the company insists on abiding by the law and standardizing management to ensure the long-term legal operation of the enterprise. At the same time, Hongdong also makes full use of legal weapons to protect its legitimate rights and interests. Hongdong’s Mauritania Fisheries Base Project has been signed directly as a long-term cooperation agreement with Mauritanian Government, which was voted by the Senate and the National Assembly, and guaranteed by the state decree.