BioMar to increase R&D in the shrimp market

BioMar is focusing on the shrimp market BioMar is focusing on the shrimp market
Industry Database

Hot on the back of acquiring the Ecuadorian feed manufacturer Alimentsa, BioMar says it will invest in a new trial facility for shrimp.

The new investment confirms indicates BioMar’s strategy to move towards high-performing diets and functional feeds for shrimp will be an important part of BioMar´s portfolio.

“This is a part of our overall expansion strategy. We basically take the required decisions to build a strong, competitive and innovative foothold in the shrimp market,” said Carlos Diaz, CEO, BioMar.

“The investment in Ecuador is a tangible outcome of a much greater plan for innovation in BioMar. The global R&D budget will increase by roughly 20% in 2018, which comes on top of a dedicated global set-up for R&D implemented over the last years.”

New markets

BioMar is moving into several new geographies and focusing on new species, with a main focus on shrimp, and this requires an increase in R&D activities.

Its global set-up based in Trondheim is now complemented with its Aquaculture Technology Centre (ATC) innovation network, which includes ATC Patagonia in Chile, ATC Nordic with facilities in Denmark and Norway and ATC in Ecuador.

“Ecuador has developed into one of the most important shrimp producing nations and has in many aspects taken alternative roads. This makes it a very interesting hub for product development,” added Mr Diaz.

BioMar has for some has years been supplying shrimp grower diets from Costa Rica and shrimp larval diets from France to customers around the world. The company will also launch its’ shrimp range in China in a few months’ time.

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