Spanish pet food and fish feed manufacturer Dasy Organización is to invest more than €20 million ($27.2 million) in building a new plant for production of fishmeal for animal feed in Osuna, Andalusia, Spain.
The firm, owned by agribusiness PGG Group plans plans to invest an additional €20 million in its rendering plant which is in operation for eight years now, bringing total investment in facilities amount to €40 million ($54.4 million).
Dasy president José María Gimeno said the new plant will create 200 new jobs, which will join the 200 jobs already in the locality. Osuna will process chicken meal for animal feed and supply feed to its fish farms.
Gimeno said the company will rearrange its activities. The Barcelona plant will produce for Spain, France, Germany and Italy while almost 100% of the Osuna production plant will be dedicated for export to China and Southeast Asian countries such as Vietnam, Thailand or Malaysia.
The firm already has two fishmeal plants in Colombia and is developing two other projects in Venezuela and Morocco.
The group, which employs about 300 workers in total at different production sites, has a turnover of about €70 million ($95.3 million), of which the Andalusian business contributes €20 million.
