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BioMar Group to build new line for extruded shrimp feed in Ecuador
Aquaculture industry feed supplier BioMar Group has decided to invest in additional capacity at its shrimp feed factory in Ecuador.
December 5, 2018 By Hatchery International Staff
The new extrusion line will add approximately 40,000 tons capacity and is expected to be ready in early 2020, just one year after the latest capacity expansion which is due in early 2019, the company stated in a release.
“We have experienced a strong growth in Ecuador since the acquisition of Alimentsa in 2017 and we currently operate at our capacity limit,” stated 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 Ecuador has been growing with double digits in 2018 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,” Aarestrup said in the release. “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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