History

 

 

The agribusiness division of the Alcantara Group of Companies started its aquaculture business with a contract growing operation of shrimps for a multinational partner. When this contract did not meet expectations, twenty-eight hectares of land previously dedicated to shrimp growing were then transformed into bangus ponds. Fish cages soon followed. To efficiently sustain this growing operation, a large and steady supply of bangus fry and fingerlings was needed.

 

Thus, Finfish Hatcheries Inc. was born in 1996 as part of the Alcantara Group’s agri-business unit.

 

The company immediately committed itself to addressing an industry-wide problem the Alcantara Group now faced: The need for a steady supply of high-quality fry and fingerlings. The availability of wild fry was both seasonal and erratic. Imported fingerlings from Taiwan were both expensive and impractical. Growers needed to keep their ponds and cages productive all year round, but nobody could provide a continuous supply of large volumes of fry and fingerlings. Despite this challenge, FHI committed itself to solving the country’s supply problem.

 

Early attempts using local technology on the best 60 bangus breeders available failed. Thirty percent of the fingerlings produced were defective, with many blind. Unfazed, FHI turned to Taiwan aquaculture experts for alternative technology, which eventually resulted in the successful launch of premium quality Sarangani Fry. In just six months of operation, FHI successfully produced 120 million bangus fry. Greatly encouraged, the company quickly expanded its hatchery farms to meet the country’s huge unfilled demand. FHI successfully produced 120 million bangus fry after six months of operation.

 

Did you know that produced 120 Million bangus Fry after 6 months of it's first year of operation?

 

Did you know that Sarangani Fry now supplies more than 50 percent of total national demand placed at about 2.5 billion bangus fry per year?