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Premier Lara Giddings stated that Skretting's expansion will facilitate future market demand satisfaction. (Photo: premier.tas.gov.au/Skretting)

Skretting revamps Cambridge plant

Click on the flag for more information about Australia AUSTRALIA
Thursday, September 08, 2011, 23:50 (GMT + 9)

Premier Lara Giddings this week officially launched salmon company Skretting Australia’s AUD 36 million- (USD 38.1 million) fish feed facility expansion in Cambridge. The plant will now let Skretting Australia double production from its Tasmanian plant to more than 140,000 tonnes.

The investment augurs well for Tasmania’s mounting AUD 400 million- (USD 423.6 million) salmon industry, she said, and the expansion will allow the company to satisfy future market demand in one of the most rapidly growing sectors of food production.
 
“Skretting is well placed to capitalise on growing aquaculture markets in both Australia and New Zealand,” Giddings stated.

The expansion is taking place in the face of intensifying demand from Tasmanian salmon and trout farms and soaring exports to neighbouring New Zealand. The industry has seen a 10 per cent annual growth over the past decade, ABC reports.

“This is another example of a global company that is choosing to invest in Tasmania and it is encouraging evidence of the growing confidence in our economy,” she remarked.
 
“This week we have seen new State Final Demand figures that show there has been more than AUD 4 billion (USD 4.2 billion) worth of capital investment in the Tasmanian economy over the past four quarters. It is private investment like this that is helping to drive economic growth as the effects of Federal and State stimulus start to wear off,” the Premier continued.
 
The Government’s recently released Economic Development Plan considers the salmon industry a priority sector that contributes about AUD 152 million (USD 160.98 million) towards Gross State Product and employs about 1,100 people. Salmon is one of Tasmania’s key interstate food export trade items, she explained.
 
Giddings also pointed out that the industry received a boost in August with the announcement of a AUD 30 million- (USD 31.8 million) joint undertaking between Tassal, Huon Aquaculture and Petuna Seafoods.
 
“The Tasmanian Government has provided significant support to help the state’s salmon industry to grow and thrive and will continue to work with industry in the areas of business assistance and investment attraction,” she assured.
 

Related article:

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Skretting expands along with aquaculture industry 

By Natalia Real
[email protected]
www.fis.com


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