Nutreco invests in upgrade and expansion of fish feed capacity in Australia
(Thomson Reuters ONE) -
Nutreco's subsidiary Skretting will invest EUR 20 million to upgrade and expand
the capacity of its fish feed plant in Tasmania, Australia. The investment will
enable Skretting to meet future market demand for high quality fish feed for
salmon, trout, barramundi and tuna in both Australia and New Zealand, where
aquaculture is one of the fastest growing animal production sectors. Since
2001, the year Nutreco acquired its Australian fish feed activities, annual
growth of fish feed volumes has been 10% in this region.
The investment will double the capacity to 120,000 tonnes per annum and includes
the installation of a second extrusion line, upgrading of silos, site services
and batching equipment and the integration of the existing line with the renewed
plant.
Knut Nesse, Nutreco's Executive Vice-President Aquaculture: "Our customers in
this region have expanded significantly over the past few years. This investment
clearly demonstrates our commitment to support their growth and to maintain our
market leader position in this fish feed market. Growth is expected to continue
at a high rate for all major farmed species in the coming years. This renewed
plant will offer our customers great efficiency and flexibility combined with
the highest environmental and feed-to-food safety standards."
* * * * *
Nutreco
Nutreco is a global leader in animal nutrition and fish feed. Our advanced feed
solutions are at the origin of food for millions of consumers worldwide.
Quality, innovation and sustainability are guiding principles, embedded in the
Nutreco culture from research and raw material procurement to products and
services for agriculture and aquaculture. Experience across 100 years brings
Nutreco a rich heritage of knowledge and experience for building its future.
Nutreco employs approximately 10,000 people in 30 countries, with sales in 80
countries. Nutreco is listed on the NYSE Euronext stock exchange in Amsterdam
and with annual revenues of EUR 4.5 billion in 2009.
www.nutreco.com
For more information:
Jurgen Pullens, Director Investor Relations and Corporate Communications,
Nutreco
Telephone: +31 (0)33 422 6134
Mobile: +31 (0)6 5159 9483
E-mail: jurgen.pullens(at)nutreco.com
[HUG#1392616]
Nutreco invests in upgrade and expansion of fish feed capacity in Australia: http://hugin.info/133565/R/1392616/350134.pdf
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Datum: 11.03.2010 - 01:00 Uhr
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