Nicovita to invest $80 million in its shrimp feed plant in Ecuador
The investment will be the most important of a series scheduled for the coming years to reach a production capacity of one million tons of balanced feed.
Nicovita plans to build a new feed mill in Ecuador. The USD 80-million facility will expand 45% of the company’s production capacity and will make the Guayaquil plant, one of the largest production centers of balanced feed for shrimp in the world.
The new investment will feature the most advanced digital technology, as well as more efficient production systems and processes with high-quality standards aligned with the brand's seal of trust. “Once the plant starts operating, we calculate an increase of between 40 and 50% of workers,” explained Fabricio Vargas, general manager of Vitapro Ecuador.
In 2021, Nicovita expanded its production and storage capacity with an investment of USD 35 million, which will be consolidated in the first half of 2022. According to Fabricio Vargas, this new investment will be the most important of a series scheduled for the coming years that would allow Nicovita to reach its goal of a production capacity of one million tons of balanced feed.
With this new investment, Nicovita, and its parent company Vitapro, further strengthen the aquaculture infrastructure of the country. Vitapro focuses on the development of nutritional and technological solutions for aquaculture and is present with its Nicovita brand in Ecuador, Honduras, Nicaragua, Costa Rica, Panama and Guatemala.