BioMar Partnering with China's Leading Animal Feed Company to Build 100,000 MT Fish Feed Plant
SEAFOODNEWS.COM [SeafoodNews] - April 17, 2015 -
One the world's leading fishmeal producers and distribuors BioMar has partnered with Chinese company Tongwei to expand its aquaculture feed distribution network in China and other Asian markets. Under the deal the two companies will initially build a feed factory with a planned production capacity of over 100,000 tons in China.
The facility will be jointly operated by the two comapnies with plans for the operation to be up and running by 2016. BioMar and Tongwei also have plants to build as many as five more facilties similiar or larger in scale across China.
In total BioMar's initiatial investment deal with Tongwei is valued at about $10 million; together the two feed companies plan to increase production and sales across Asia...
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