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News 219 views last update:6 Aug 2012

BioMar closes factories, invests in Norway

BioMar has decided to close two ageing factories and to transfer the operations to more efficient production units with excess capacity.

The decision, part of the optimisation of the company's operations following its acquisition of Provimi Aqua, will affect 75 employees at BioMar's facilities in Rancagua in Chile and Horsens in Denmark.

The shutting down of the Rancagua and Horsens facilities will provide annual savings of some DKK30m (€4m) from 2009.

In connection with the restructuring BioMar will also invest over DKK200m (€26.8m) to ramp up operations in northern Norway. The investment involves the building of a new facility expected to become operational in two years.

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