Marine Harvest and BioMar sign up19 May, 2010 –
THE worlds largest fish farming company, Marine Harvest, has extended their co-operation with feed company BioMar and signed a contract for the delivery of fish feed over several years.
The BioMar contract comprises delivery of fish feed to Norway, Scotland, Ireland and Chile, where both BioMar and Marine Harvest have extensive interests. The two companies have co-operated closely over recent years and this new agreement builds on the benefits of that co-operation.
Marine Harvest is the worlds largest fish farming company with manufacturing, processing and consumer sales in more than 70 countries. The company has production facilities in all of the most important salmon farming areas.
For BioMar, which is owned by the industrial group Schouw & Co., the multi-million-pound contract involves delivery of several hundred thousand tons of fish feed over the agreed period. The agreement provides a good foundation for the current expansion and modernisation of BioMars factory in Myre in the northern part of Norway. The expansion, which will result in a doubling of the factorys capacity, is expected to be finished in the spring of 2011.
The agreement, which secures deliveries of fish feed to the Marine Harvest stable for several years, is one of the largest ever signed in the history of fish farming.
BioMars CEO, Torben Svejgård, said: Furthermore and perhaps just as significant, we have agreed on a number of principles and areas for a long-term co-operation between the two companies.
He emphasised that long-term relationships of this kind are especially important for the development of cost-effective and future-oriented feed types.
The development of knowledge and solutions within the area of sustainable farming is a high priority for both companies, and they apply many resources to this end.
Consequently, both BioMar and Marine Harvest plan to work closely together to further develop the whole value chain in a more sustainable direction within production and selection of raw materials, feed production, breeding, processing and fish for consumer markets.
Both companies have a strategy aiming for the position as market leader when it comes to sustainability.
Jens Bjerg Sørensen, CEO of Schouw & Co., said of the agreement: It proves that BioMars customers and partners are confident that they gain extra value from a close and long-term co-operation with us.
This contract will not affect the announced guidance re-earnings for 2010.