Danish fish feed producer BioMar has expanded production capacity by 140,000 metric tons at its Karmøy facility in Norway and invested in a “new generation” LNG vessel to transport feed from the factory.
Olam International said it has broken ground on an integrated feed mill, poultry breeding farm and hatchery in Kaduna State, Nigeria. When completed, it will be the largest such operation of its kind in the African country.
Animal and fish feed group, Nutreco, said it fully endorses the bid from privately-held Dutch investment firm, SHV, to acquire it for €40 ($51) per share, or €2.69 billion ($3.43bn), and it dismissed speculation about third party bids for the business.
An analyst questions Nutreco’s move to set up a joint venture in fish feed in Nigeria, saying the Dutch feed group should remain focused on the massive growth potential of the Asian and Latin American aquaculture markets instead.