Salmon pushes BioMar sales volumes up 28%
Feed manufacturer BioMar has reported a 28 per cent increase in sales volumes for the first half of 2017 compared to the same period the year before. It said the increase was primarily driven by the European salmon industry.
The Danish manufacturer, a subsidiary of Schouw & Co., sold 470,000 tons of feed in the first six months of this year, a big increase on the 370,000 tons sold in the first half of 2016.
“We are proud that we have been able to create solid partnerships with customers as well as suppliers in our effort to develop the industry," said BioMar chief executive Carlos Diaz.
"We are right now taking major steps in improving our ability to design and document truly sustainable products together with the customers. We will in a short time be ready to launch our new tool Triple S (Sustainable Solution Steering) enabling us to enhance transparency and measure the sustainability of our products looking all the way up the value chain. At the same time we are striving to build a very strong pipeline for new innovative raw materials improving the sustainability of the industry.”
BioMar expects to reach a record revenue of 9.8 billion Danish kroner (£1.2bn) this year, and is targeting growth in new markets through acquisitions and green field projects.
The latest announced expansion project has been the acquisition of Alimentsa in Ecuador, which together with existing factories in South and Central Americas will, it says, compose a strong production footprint and a solid platform for the continuous development of high-end shrimp feed. In the first half of 2017 BioMar has also announced the construction of a new factory in Australia.
BioMar is also focused on China, and says it is finalising the construction of a new factory in Wuxi and has experienced good development of its Haiwei factory in the south of China.
BioMar Group operates 13 feed factories worldwide, including one in Grangemouth, Scotland.