BioMar has invested 43.6 million dollars to construct a new fish feed plant. The plant will facilitate an annual capacity of 110,000 tonnes of fish feed.
Danish feed producer BioMar is to invest 43.6 million dollars in the construction of a production plant in Australia in an attempt to continue its global expansion. The new plant is expected to be completed in 2019 and will facilitate an annual capacity of 110,000 tonnes of fish feed. The Australian aqua feed plant will primarily manufacture feed to the farming of species within which BioMar has great experience, and to which BioMar is among the most acknowledged suppliers in the market. At the same time, BioMar will expand capacity at the Norwegian plant in Karmøy, north of Stavanger, with no less than 140,000 tonnes a year. The expansion in Norway alone constitutes an investment of USD 72.6 million.
"Since 2005, we have engaged in a very active ownership of BioMar, and have since then trebled the revenue of the business in 2016 to about USD 1.3 billion," pointed out Jens Bjerg Sørensen, President of Schouw & Co., owner of BioMar. Sørensen stressed that a new growth strategy named 'Shaping the future' was launched, where focus is on becoming even more global.