Flooding in Andhra Pradesh Forced Indian Shrimp Producer to Shut Down for Two Months
SEAFOODNEWS.COM [SeafoodNews] February 8, 2016
A shrimp feed and hatchery operation in Andhra Pradesh, India was forced to close its facilities for over two months in November and December because of major flooding issues in the region.
The Waterbase's plant was shut down between November 19 and January 27 because of massive flooding in the Nellore District.
"The operations at Ananthapuram factory was disrupted from 19th November, 2015 due to unprecedented floods resulting in extensive damage to stock and assets of the company," The Waterbase said.
The company reported a 12 percent drop in its third quarter revenues because of the flooding issues...
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