Marine Harvest intends to set up a new salmon feed firm in collaboration with experienced partners. (Photo: Marine Harvest)
Salmon feed company in the horizon for Marine Harvest
Tuesday, March 27, 2012, 23:10 (GMT + 9)
Marine Harvest ASA has entered into agreements with the largest European institute for applied research within fisheries, aquaculture and food, Nofima Mat, the Norwegian Institute of Food, Fisheries and Aquaculture Research, and the leading Norwegian agricultural feed producer, Felleskjøpet Rogaland Agder, which opens up for establishing a leading Norwegian salmon feed company with a yearly production capacity of up to 500,000 tonnes of salmon feed.
Marine Harvest has signed a letter of intent with Felleskjøpet Rogaland Agder (FKRA) that will secure a new company access to formulation technology as well as competence within purchasing and quality control of raw material and finished feed. Marine Harvest has further signed a letter of intent with Nofima for availability of globally leading researchers within fish nutrition and raw material composition.
Although locations of production are not yet decided, Marine Harvest has signed an agreement with Valsneset Energi og Industriselskap AS based in the municipality Bjugn in Mid Norway for the utilisation of land property.
Photo Courtesy of FIS Member Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marine Harvest has carried out a pre-study of the business case for establishing a feed company. Based on this pre-study the project will now enter into a new phase with detailed assessments. A decision on whether or not to proceed with the establishment of the fish feed company will be taken once the conclusions from this study are available.
“Feed costs constitute approximately 50 per cent of production costs in salmon farming. Feed quality is an important driver for production cost, fish health and food quality,” comments CEO of Marine Harvest, Alf-Helge Aarskog.
“With highly experienced partners with proven track record within feed production and fish nutrition, we have established a solid basis for a detailed assessment of the potential gains from establishing a salmon feed company. We believe the establishment of a new salmon feed company in collaboration with experienced partners and integrated with the world's largest producer of salmon could open up for a profitable expansion of our value chain and contribute to the improvement of Marine Harvest's profitability over time.”
Marine Harvest is the largest producer of farmed salmon, with presence in 22 countries and a total of 6,200 employees worldwide. The company is headquartered in Bergen, Norway, and is listed on the Oslo Stock Exchange.