TripleNine, a Danish producer of fishmeal and fish oil, will build a new factory in China to produce fish meal for animal feed. The Danish company wants to gain greater market share in China and hence become the biggest producer in the world, Business.dk reports.
TripleNine, headquartered in Esbjerg and owner of factories and operations in Denmark, Norway, Chile, South Africa, China and Mauritania, sells it fishmeal and oil for pet food and salmon, trout, carp and feed. The company is now to invest 140 million krone (18.8 million euro) in a ultra-modern factory in Shandong Province, China. The Danish investment agency IFU contributes 35 million krone (4.7 million euro).
Shandong province, which lies between the capital Beijing and Shanghai on China's east coast, is the centre of the country's production of fishmeal. TripleNines factory will be the most modern in China. With a capacity to produce 20,000 tonnes of fishmeal a year the Danish company will be able to cover one percent of the Chinese demand for fishmeal and oil.
The Chinese authorities , according to IFU, are very interested in establishing factory, as this may contribute to increased efficiency of the industry and introduce a more environmentally friendly technology. The plant will eventually employ 60 people.
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