A new joint venture fish feed company was announced at Seafood Expo Global in Brussels last week.
The BioMar Group and the Sagun Group used the celebration of the 10th Anniversary of the Turkish Pavilion at the exhibition to sign an MoU as the basis for forming a joint venture company in Turkey. The joint venture will establish a fish feed factory, which is expected to enter operation towards the end of 2015, and which will supply fish feed to both Turkey and some of its neighbouring countries.
CEO of the BioMar Group, Torben Svejgaard, expressed his satisfaction with the agreement: “Turkey is one of the leading aquaculture nations in Europe. It still has a tremendous growth potential with excellent natural conditions for fish farming, a growing domestic fish consumption as well as good access to export markets for both fish and fish feed. We are extremely pleased to enter this agreement with the Sagun Group. The Sagun Group is a solid company with a long history and an excellent network in Turkey and internationally. This will facilitate the market access for the new joint venture factory.”
President of the Sagun Group, Ahmet Tuncay Sagun, was equally pleased with the agreement: “BioMar is a perfect match for the Sagun Group. The know-how of BioMar within areas like fish feed development, sourcing, and feed manufacturing will benefit both us and other fish farmers in Turkey. BioMar is the leading supplier of high performance feed to sea bass, sea bream, and trout in Europe, and we are proud to enter into a collaboration agreement with BioMar on equal terms. We believe this joint venture will help to develop and strengthen the whole aquaculture sector in Turkey.”
