Nutreco invests EUR 24 million in expansion fish feed production capacity in Norway

Nutreco's aquafeed business, Skretting, has announced plans to invest EUR 24 million in production capacity expansion of the Averoy fish feed plant in Midwest Norway.

A new warehouse for final products, improved port facilities and extra storage for raw materials will improve logistics and enhance efficiency. New production technology will create more feed development possibilities with support from Skretting's global research facility, ARC, in Norway.

Up to June 2008, the production capacity will be increased by 60.000 tons to 240,000 tons. In addition to this EUR 24 million investment, Skretting is considering increasing capacity with an additional  100,000 tons after June 2008.

The investment in the Averoy plant follows the upgrading of Skretting's fish feed plant in Stavanger earlier this year. Skretting Norway, with three production plants in total, will pass 500,000 tons annual production by June next year.   

Skretting is the leading global player in the salmon feed market and has 15 production facilities in the major fish farming regions in Europe, the America's, Asia and Australia.  

In 2006, Skretting produced approximately 1.3 million tons of feed for more than 50 different species of farmed fish. Three quarters of this volume in extruded dry fish feed was destined for salmon and sea trout, about 25% represents feed for other fish species like trout, sea bass, sea bream, turbot, yellow tail, barramundi, eel and cod.