January 7, 2016
InVivo and Singapore-based agribusiness leader to develop feed solutions for Nigeria
Global agri-business Olam International Limited ("Olam") and leading French feedstock company InVivo Animal Nutrition & Health ("InVivo NSA") has signed a consulting agreement to jointly develop expertise in animal feed in Nigeria.
The two-year agreement will involve technical assistance and sharing of expertise to jointly develop animal feed solutions and products. Specifically, the knowledge transfer between the two companies will help develop solutions, formulate animal feed, characterise raw materials and implement R&D trials and protocols.
Both companies will tap each other's proven expertise - Olam for its Africa experience and InVivo NSA for its animal feed proficiency.
InVivo NSA will support Olam in the design, equipment selection and installation of its feed mills across Nigeria. Its nutrition and formulation experts will work closely with Olam's team to build a strong understanding of the local market and develop cost-effective formulations using both local and imported raw materials. InVivo NSA will also train Olam's staff on providing veterinary field support to poultry and fish farmers in order to help deliver consistent product performance. In addition, Olam will gain access to InVivo NSA's R&D and product development facilities as well as their feed manufacturing units in other developing markets across Asia and Latin America.
Olam's Global Head of Grains, K C Suresh, said, "This partnership follows our announcement in November to enter the animal feed and related businesses in Nigeria (/contents/12-01-2015/a3d7b939-967a-488b-8d18-1b2091b55d70-a181.html). This knowledge-transfer agreement will accelerate our penetration into the sector, allowing Olam and InVivo NSA to rapidly scale up commercial activities. In doing so, we look forward to improving productivity and returns for the local fish and poultry producers, which supports Nigeria's economy."
InVivo NSA's CEO, H. de Roquefeuil, added, "Developing key partnerships with major players and accelerating our footprint in Africa is at the core of InVivo Group's 2025 strategy. We look forward to leveraging off Olam's Africa experience to bring our differentiated expertise to the region."
Olam has a 25-year history in Nigeria across multiple commodities. Nigeria was chosen as the first point of entry to the African region due to its strong growth outlook and demographics where the commercial feed market is expected to grow at over 10% CAGR over the next five years.