BioMar closes factories, invests in Norway

20-10-2008 | |

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.

Contributors
Contributors Global Feed Sector Authors