BioMar and Sagun to build fish feed plant in Turkey
The BioMar Group (Norway) and the Sagun Group, a large Turkish company within aquaculture, fish processing and trading, will team up to make a fish feed company in Turkey. This was announced at the recent Seafood Show in Brussels, Belgium.
At the show, the President of the Sagun Group Ahmet Tuncay Sagun and the CEO of the BioMar Group Torben Svejgaard signed a Memorandum of Understanding as the basis for forming a Joint-Venture company in Turkey. The Joint-Venture will establish a fish feed factory, which is expected to enter operation towards the end of 2015, and which will supply fish feed to both Turkey and some of the neighbouring countries.
The annual Turkish aquaculture production has grown to around 200.000 tons of fish in recent years. Today, Turkey is the second largest aquaculture nation in Europe after Norway. On top of supplying the growing domestic fish consumption, Turkey has also become a major supplier of fish species like sea bass, sea bream, and trout to the European market. In order for the Turkish aquaculture industry to remain competitive there is a growing need for new more efficient, sustainable, and environmental friendly diets and production methods.
The Sagun Group is a privately held company consisting of five different companies operating eight production facilities across Turkey. The main business areas are aquaculture and fish processing as well as exportation and importation of fish. The Sagun Group is well known both domestically in Turkey and in export markets across the world with a range of strong consumer brands. The President and owner of the Sagun Group, Mr. Ahmet Tuncay Sagun is the 3rd generation running the family company.
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