Salmon drives strong Q1 for BioMar
DANISH feed company BioMar delivered a strong first quarter in both volume and profit, driven particularly by the salmon sector, the company announced today.
In the salmon division the sales volume was almost 30 per cent higher than the same quarter last year, with all three country units in the division – Norway, UK and Chile – performing better.
‘We have been able to be at the market at the right time with new product concepts targeted at strengthening the sustainability of the industry, as well as the quality and health dimension of the products delivered to the end consumer,’ said Carlos Diaz, BioMar CEO.
At the Seafood Expo in Brussel last week BioMar announced that a future cooperation with Lerøy Seafood and TerraVia will ensure that all Lerøy salmon will benefit from a high level of omega-3 DHA in the feed partly deriving from the microalgae ingredient, AlgaPrime.
‘In BioMar Group we are continuously working to take the next steps in innovating aquaculture. To us novel oils and product with a measured sustainability profile is not a future vision. It is a reality,’ said Diaz.
‘We have right now a range of salmon customers delivering new product value propositions based upon our feed concepts. We hope very soon other species could join this trend.’
As well as launching new products, BioMar has begun the construction of a new feed factory in Australia, establishing a solid platform for close cooperation with the customers in the region.
‘We have during 2016 and the first part of 2017 been cooperating across the company, improving and developing our new units in Turkey and China,’ said Diaz.
‘We will continue this effort while investing resources in building up a new business unit in Australia. These expansions are in line with our strategy into new species and markets.’