Nutreco invests in expansion of fish feed capacity in Australia

Nutreco's subsidiary Skretting will invest EUR20 million (US$27 million) to upgrade and expand the capacity of its fish feed plant in Tasmania, Australia.

The investment will enable Skretting to meet future market demand for high quality fish feed for salmon, trout, barramundi and tuna in both Australia and New Zealand, where aquaculture is one of the fastest growing animal production sectors.

Since 2001, the year Nutreco acquired its Australian fish feed activities, annual growth of fish feed volumes has been 10% in this region.

The investment will double the capacity to 120,000 tonnes per annum and includes the installation of a second extrusion line, upgrading of silos, site services and batching equipment and the integration of the existing line with the renewed plant.