September 28, 2010
Spain's Dasy to invest US$26.8 million in new fish meal plant
Spanish fish feed manufacturer Dasy will invest more than EUR20 million (US$26.8 million) in building a new plant for the production of fishmeal for animal feed in Osuna, Andalusia, Spain.
The firm, owned by agribusiness PGG group plans to invest an additional EUR20 million (US$26.8 million) in its rendering plant which is in operation for eight years now, bringing total investment in facilities amount to EUR40 million (US$53.67 million).
Dasy president José MarÃa Gimeno said the new plant will create 200 new jobs, adding to the 200 jobs already in the locality. Osuna will process chicken meal for animal feed and supply feed to its fish farms.
"We will rearrange our activities. The Barcelona plant will produce for Spain, France, Germany and Italy while almost 100% of the Osuna production plant will be dedicated for export to China and Southeast Asian countries such as Vietnam, Thailand or Malaysia," said Gimeno.
"We're talking about 30 or 40 containers per week that will go through Cadiz and Algeciras", he said.
PGG's new strategy has also provided commercial reorganisation. The headquarters of Dasy has moved to Andalusia and the company will channel the internationalisation of the group.
The firm already has two fishmeal plants in Colombia and is developing two other projects in Venezuela and Morocco.
The group, which employs about 300 workers in total at different production sites, has a turnover of about EUR70 million (US$93.95 million), of which the Andalusian business contributes EUR20 million (US$26.8 million).
"With these investments, you probably increase turnover between EUR40-50 million (US$53.67-US$67.13 million) just in Andalusia," Gimeno adds.
As rendering operation, Dasy began operations in 2002 with the mad cow crisis, when the government of AndalucÃa awarded the company the sole service of collection, transportation and destruction of animals.
