Farm Biocontrol is opening biosecurity facilities and laboratories in Chile. (Photo: Stock File/FIS)
Spanish biotech firm wagers on Chilean aquaculture
Tuesday, April 13, 2010, 16:30 (GMT + 9)
The Spanish biotech firm Farm Biocontrol plans to create its first foreign subsidiary in Chile: a centre specialised in solutions for aquaculturists.
Company executives plan to invest around EUR 2.9 million and create about 25 jobs over three years.
The company with branches in Saragossa, Spain, will construct the centre in the island of Chiloe, in the municipality of Ancud, an area of great importance for salmon farming and the mitiliculture of Chile.
The money will be used to build facilities and laboratories and to acquire machinery for the production of natural agents of bio-security measures .
The set up of this subsidiary in the South American country marks a continuation of the Iberoeka project, launched in August of 2009 with an investment of more than EUR 1.47 million.
The objective of the Chilean Government is to find solutions for the biohealth state of domestic aquaculture, which is the second leading salmon producer in the world, after Norway.
“Once there we realised that we could implement bio-security measures, ”explained Tomas Mena, director-general of Farm Biocontrol.
"We saw that we had a market niche with which we could [use to] enter into strategic alliances in the country, ”the executive added.
Last year, Farm Biocontrol generated approximately EUR 2 million in billings.
After its project in Chilean territory, the company is assessing whether to open plants in Morocco – for environmental projects – and another one in Canada – with natural agents.
Farm Biocontrol is a biotech firm dedicated to the research, development and innovation of:
- Pesticides, disinfectants, hygienizers that include a range of biological products;
- New application procedures of these products;
- Protocols of preventive action against the main pathogenic agents present in fish, pig, bird-rearing and cattle farms, among others.
By Analia Murias