BioMar is to build a new high-efficiency production line at its Karmøy factory in Norway, to boost capacity by at least 140,000 MT/year.
The new production line will come on stream in Q2 2017, making the factory one of the biggest and most efficient fish feed production facilities in the world, according to the company.
In 2014, the available Norwegian market for feed shrank and margins came under pressure, when Marine Harvest launched its own feed production operation.
“We must expect the market to undergo short-term fluctuations, but at BioMar, we take the long view and are investing for future growth in Norway that we are firmly convinced will come. We have already reached maximum capacity and if we want to continue to develop, further investment will be required,” said Jan Sverre Røsstad, BioMar Vice President.
The investment at Karmøy will equip the factory with state-of-the-art process technology that leads the field.
“As well as boosting our capacity and supporting our product development, the investment will also further enhance our production and logistics efficiency,” said Røsstad.