Aller Aqua inaugurates its fifth fish feed factory
The Zambian factory is a USD 10 million investment with a capacity of 50,000 tonnes per annum
Aller Aqua will inaugurate its fifth factory in Zambia an important milestone for the fish feed producer to further strengthen its foothold in the African market.
The Zambian factory is a USD 10 million investment, with a capacity of 50,000 tonnes per annum. It is being established as a joint venture with Oakfield Holdings Limited with an off-take agreement with Yalelo Limited, one of the world’s largest producers of tilapia.
“It will be a proud day when we inaugurate our fifth factory, which is also our second factory on the African continent,” said Henrik Halken, group vice president, Aller Aqua Group.
“The growth in Egypt and the success we experience through our own sales companies in Nigeria, Kenya and Ghana prove that there is a market for aquafeed of a higher quality than the customers here are used to.”
The company’s success in the African market boils down to having the right partners, added Niels Lundgaard, commercial director Africa, Aller Aqua.
“Locally, we have some very strong teams in place. The key is local knowledge, industry specific experience and a drive to take the projects further.”
The African market is predicted to grow significantly within the coming years. The UN forecasts a rise in population on the African continent to 2 billion by 2050 which will increase the demand for healthy and sustainably produced foods including fish.
Enabling the local producers of tilapia and catfish to achieve a higher yield from their fish farms plays a key role in Aller Aqua’s strategy for the African market.
In October, Aller Aqua will inaugurate its sixth factory in Qingdao, China, which will double the group’s capacity.