BioMar to make major investment in Norway
BioMar has resolved to invest more than EUR 50 million in a new production line that will expand the company’s capacity in Norway by 30%. The move consolidates BioMar’s prominent position in what is the world’s most advanced fish farming country.
BioMar has resolved to expand the company’s output capacity in Norway by 140,000 tonnes of fish feed per year, or by more than 30% relative to its current production capacity of about 430,000 tonnes. The company, which is owned by Danish industrial conglomerate Schouw & Co., is the world’s third-largest producer of feed for salmon and generates annual revenue of more than EUR 1.2 billion.