Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
If you would like to send us an article, contact Margaret Stacey
   


Myre factory facilities in Norway. (Photo Credit: BioMar)

BioMar to invest EUR 50m to increase Norwegian production

  (DENMARK, 5/27/2014)

The Danish company BioMar plans to invest more than EUR 50 million in a new production line that will expand the company's capacity in Norway by 30 per cent. The move consolidates BioMar's prominent position in what is the world's most advanced fish farming country.  

BioMar has resolved to expand the company's output capacity in Norway by 140,000 tonnes of fish feed per year, relative to its current production capacity of about 430,000 tonnes. The company, which is owned by Danish industrial conglomerate Schouw & Co., is the world's third-largest producer of feed for salmon and generates annual revenue of more than EUR 1.2 billion.  

“Expanding our capacity is a major strategic move intended to consolidate our position in Norway. The Norwegian market is the most advanced of its kind in the world, and it's extremely important for us to have a strong position there. The overall Norwegian market is 1.7 million tonnes today, so our capacity expansion equals just over 8 per cent of the total market consumption. Considering the attractive historic and expected market growth, this year projected at 6 per cent or about 100,000 tonnes, there is an ongoing need for capacity expansion,” explains BioMar CEO Torben Svejgård.  

The new production line is expected to be operational in 2016. Based on preliminary analysis, the expansion is expected to take place at the existing plant at Karmøy, but the further planning process may lead to a different conclusion.  

“We completed a major expansion of our large plant at Myre in northern Norway only three years ago, and current considerations involve the pros and cons of having an independent new unit as opposed to optimising overall operations at an existing plant. We constantly focus on process enhancement, and our new production facilities will be among the most advanced in the world complete with state-of-the-art technology,” he continued. 

The investment will be the biggest capacity expansion ever in Schouw & Co. company history. 

“BioMar is one of the world's largest players in the fish feed market, and the company has developed very well in recent years. Aquaculture is a EUR 50 billion global market growing at stable rates of 5–7 per cent annually, said Schouw CEO Jens Bjerg Sørensen.

"While Norway makes up only a relatively small part of the global market, it is the world's most advanced market and one that is essential for us. We are determined to share in the growth of the Norwegian market and see this investment a natural next step of our journey with BioMar,” he emphasised.  

The 140,000 tonne capacity increase corresponds to a revenue increase of EUR 130-150 million. The decision will not influence the revenue and earnings guidance for 2014.


[email protected]
www.fis.com


Information of the company:
Address: Vaerkmestergade 25, 6th floor
City: Aarhus
State/ZIP: (DK-8000 )
Country: Denmark
Phone: +45 86 204 970
Fax: +45 86 144 388
E-Mail: [email protected]
More about:


Location:

View Larger Map


Approval / Accreditation / Certified / Oversight by...
HACCP  ISO   E.U.  USDA/USDC & FDA  BVQi 



 Print


Click to know how to advertise in FIS
MORE ARTICLES
Friend of the Sea Certifies for Sustainable Seafood Production Freshé brand and EcoFish
Sturgeon Aquafarms and Marky's Begin Selling Domestic, Genuine Beluga Caviar
Food Lion Announces New Sustainability Policies Bolstering Product Labeling and Animal Welfare
Breakthrough for Pet Health and Sustainability
Regal King Salmon from New Zealand Launches Wood Roasted Salmon in U.S.
Mary Kay Inc. Expands Partnership with The Nature Conservancy to Protect Waterways Across the Globe
NaturalShrimp, Inc.: La Coste, Texas Construction Update
Einhamar Seafood to Install the FleXicut System
StarKist® 'Heats Up' With New StarKist Creations Microwavables®
Specialists in Fish and Seafood Packaging
Blockchain Technologies in the Seafood Industry can Reduce Fish Loss and IUU Fishing
Wild Planet: Plenty of Fish in the Sea But Species Matters
Brixham Trawler Agents Celebrates First Birthday of the KOSMOS Auction System
From Farm to Fork – How Can Fish Slaughter Become More Humane?
Smurfit Kappa Replaces EPS Frozen Food Packaging with Sustainable Paper-based Alternative
BioMar and Bio Feeder Announce Environmentally Friendly Boat
Albertsons Own Brands Celebrates Sustainability Milestone
Certified Seafood Collaborative Takes Ownership of RFM Certification Program
BioMar Scales Up RAS and Fry Feed Production in Denmark
Give Your Products the Best Possible Presentation
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
Pandemic threatens fishing industry in Edinburgh as catches plummet
United Kingdom The amount of seafood brought to shore in Edinburgh fell 87% in April and May. The fishing industry in Edinburgh has seen a dramatic decline during the coronavirus pandemic. The amount of seafood br...
Expert: Without updating the fleet, national quotas can go to other states
Russia Fed. If the national reserves of aquatic biological resources are not developed, other states will apply for the right to extract them The need for a large-scale renewal of the fishing fleet of Russia, th...
Press Release: A better take on toothfishing – right down the line (video)
Norway When asked why a group of Norwegians would go all-in for longline fishing in Antarctic waters, oceans apart from their North Sea home base, Arne Birkeland has a disarmingly sincere reply: “We ar...
The Barents Sea area increased the volume of fish catches and exports
Russia Fed. In the Murmansk region, in the first six months of 2020, the volume of fish catch increased. It amounted to 339.4 thousand tons, which is 1.5% compare previous year. This is evidenced by the data of t...
 
Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2020 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER