Tuesday, November 6, 2018

Skretting plans to cease UK production due to market overcapacity

Skretting, a global leader in aquafeed, today announced on the 6th November that the company has started a process of consulting with employees with the view to cease production in the UK at the end of April 2019.
Image credit: Ikor Merodio on Flickr
(CC BY-ND 2.0)

This move is aimed at reducing the overcapacity in the highly competitive salmon feed market, and better utilise the company's existing production facilities in Europe. The company has no plans to stop production in other markets and will continue to pursue its firmly established growth strategy.

"Unfortunately, we are experiencing unsustainable market conditions in the UK. With a new large feed plant becoming operational in Scotland early 2019, the total feed capacity in the region is expected to exceed the total market by more than 50 percent. This is driving down prices, leading to an unsustainable commercial environment", says Therese Log Bergjord, CEO Skretting. "We have therefore made the decision to start consulting with our employees on a proposal to cease feed production in the UK".

Read the full article on the International Aquafeed website, HERE.

The Aquaculturists
This blog is maintained by The Aquaculturists staff and is supported by the
magazine International Aquafeed which is published by
Perendale Publishers Ltd

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