August 20, 2013
Nutreco/Skretting, Gisis Ecuador and Regal Springs enter a joint venture worth US$11.5 million to build aqua feed plant, which officially opened in Honduras on August 10.
The new plant will produce feed for the Regal Springs' tilapia farming activities in Honduras as well as shrimp feed for the local and export market.
"The aquafeed plant is an important step in the Nutreco strategy 'Ambition 2016'. Production here is aligned with our strategy to increase our market share in Latin America and to increase sales of feed for non-salmon species. The partnership in Honduras is a consequence of the acquisition of Gisis in Ecuador which was finalised in June 2013", Viggo Halseth, Chief Operating Officer of Nutreco Aquaculture, commented.
"This is an excellent opportunity for us as the global leader in aqua feeds to cooperate with the world leading tilapia producer, Regal Springs, with activities in Indonesia and Mexico as well as Honduras. Both companies have a reputation for innovation and a focus on sustainability. These qualities are supported by our third partner in this venture, Gisis of Ecuador, with its long experience of producing high quality feed for tilapia and shrimp. I believe that the combination of expertise will provide a platform for growth and an expansion of Skretting knowledge in tilapia and shrimp, providing a platform for further growth in Latin America and other geographies," Steven Rafferty, Managing Director Skretting Americas & UK, added.