Wednesday, April 27, 2011

Nutreco invests in upgrade of fish feed capacity in Norway

Nutreco is investing €27 million (US$39.579 million) to upgrade its fish feed plant in Averøy, Norway. The investment in the Averoy plant consists of an upgrade of the grinding facility, a new intake line and expansion of both storage capacity and operation premises. The investment will enable Skretting, Nutreco's fish feed business, to meet future market demand for high quality feed for salmon and to maintain its market leader position in Norway. The Norwegian fish feed market has grown with an average of eight percent a year from 2006 to 2010.

Growth of aquaculture

Knut Nesse, Nutreco's Chief Operating Officer Aquaculture: "This investment clearly demonstrates our commitment to support the growth of aquaculture in Norway and to maintain our market leader position in this fish feed market. Growth is expected to continue at a high rate in the coming years, especially in salmon feed. Read more ...

This blog is written by Martin Little The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers
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