BioMar and Tongwei signed a joint venture on August 18th for a fish feed company in China, to supply high performance feed for high value fish species. The first feed plant with a capacity of 100,000 metric tonnes, will be located in eastern China.
\"Our target is to start production next year, taking advantage of the joint experiences of BioMar and Tongwei in plant design and construction. In the meantime we will start offering imported BioMar diets to the Chinese market\", explained BioMar CEO Carlos Diaz.
Setting up a joint venture with one of the world’s largest feed companies is a major step forward for BioMar and will help to deliver the objectives set out in its global strategy \"Beyond the limits\".
\"We are happy that BioMar will soon be able to serve customers in one of the most important aquaculture markets in the world with high performance diets. I am sure this step will lead to further expansion for BioMar in Southeast Asia,\" said Diaz.
\"We have a long tradition of creating diets which secure fish farmers the best total economic performance in their farming operations and at the same time are environmental friendly,” he added.
The objective for BioMar-Tongwei is to use the experience from this first joint project to expand with several production units across China in the coming years.