Nutreco invests in upgrade and expansion of fish feed capacity in Australia
Nutreco’s subsidiary Skretting will invest EUR 20 million to upgrade and expand the capacity of its fish feed plant in Tasmania, Australia. The investment will enable Skretting to meet future market demand for high quality fish feed for salmon, trout, barramundi and tuna in both Australia and New Zealand, where aquaculture is one of the fastest growing animal production sectors. Since 2001, the year Nutreco acquired its Australian fish feed activities, annual growth of fish feed volumes has been 10% in this region.
The investment will double the capacity to 120,000 tonnes per annum and includes the installation of a second extrusion line, upgrading of silos, site services and batching equipment and the integration of the existing line with the renewed plant.
Knut Nesse, Nutreco’s Executive Vice-President Aquaculture: “Our customers in this region have expanded significantly over the past few years. This investment clearly demonstrates our commitment to support their growth and to maintain our market leader position in this fish feed market. Growth is expected to continue at a high rate for all major farmed species in the coming years. This renewed plant will offer our customers great efficiency and flexibility combined with the highest environmental and feed-to-food safety standards.”
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Nutreco is a global leader in animal nutrition and fish feed. Our advanced feed solutions are at the origin of food for millions of consumers worldwide. Quality, innovation and sustainability are guiding principles, embedded in the Nutreco culture from research and raw material procurement to products and services for agriculture and aquaculture. Experience across 100 years brings Nutreco a rich heritage of knowledge and experience for building its future. Nutreco employs approximately 10,000 people in 30 countries, with sales in 80 countries. Nutreco is listed on the NYSE Euronext stock exchange in Amsterdam and with annual revenues of EUR 4.5 billion in 2009.
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