BioMar expands Ecuadorian shrimp business
Danish aquaculture feed company, BioMar Group, is expanding its Ecuador factory with a new line for extruded shrimp feed.
The extrusion line will increase capacity by around 40,000 tonnes and is expected to be ready in early 2020.
“We have experienced a strong growth in Ecuador since the acquisition of Alimentsa in 2017 and we currently operate at our capacity limit,” said Henrik Aarestrup, vice president of emerging markets in the BioMar Group.
“For our customers the new line will mean increased flexibility and increased choice, as it will significantly expand our capacity for extruded and value added feed solutions.”
Shrimp production in the region has been increasing in the past year placing Ecuador as the third largest shrimp producing nation in the world.
“The Ecuadorian shrimp sector will continue to grow in the coming years, however at a somewhat slower pace than in 2018, where we have seen an exceptionally high growth,” explained Mr Aarestrup.
“Ecuador has a competitive edge when it comes to producing shrimp in a responsible manner with high focus on both sustainability and product quality. Recent initiatives like the launch of the Sustainable Shrimp Partnership will further enhance this position.”
The investment is part of BioMar’s strategic plan for the shrimp business, which also includes a recently inaugurated research and trial unit in connection with the plant in Ecuador.
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