The Marine Harvest-BioMar agreement involves the delivery of several hundred thousand tonnes of fish feed. (Photo: BioMar)
Marine Harvest, BioMar sign huge feed agreement
Thursday, May 20, 2010, 23:50 (GMT + 9)
Global aquaculture leader Marine Harvest has signed a contract with BioMar that secures the delivery of fish feed in the years to come. It is one of the biggest contracts ever signed in aquaculture.
Per the agreement, fish feed will be delivered to farms in Norway, Scotland, Ireland and Chile, where both companies run substantial operations.
Marine Harvest is the largest and leading global company within the aquaculture industry with manufacturing, processing and consumer sales running in over 70 countries. The company owns production facilities in the most important areas for salmon farming.
BioMar, owned by the industrial group Schouw & Co, will be delivering several hundred thousand tonnes of fish feed over the agreed period. The agreement will help BioMar’s plans to expand and upgrade its plant located in Myre in northern Norway.
The expansion will result in a twofold capacity increase of the facility and is anticipated to be finalised in the spring of next year.
“Perhaps just as significant, we have agreed on a number of principles and areas for a long-term cooperation between the two companies” said CEO for BioMar Torben Svejgård.
He stressed that long-term customer- and supplier relationships are of particular significance for the development of cost-effective and future oriented feed types.
Both companies place the development of knowledge and solutions within the area of sustainable aquaculture high on their list of priorities, and they employ many resources on this specific area, BioMar said. The companies thus plan to cooperate closely to further expand the entire value chain in a more sustainable manner within production and selection of raw materials, feed production, breeding, processing and fish for consumer markets.
CEO of Schouw & Co Jens Bjerg Sørensen considers this agreement further proof regarding BioMar’s vast confidence as a serious partner.
The contract will not impact the guidance re earnings for 2010 that have been already announced.
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