Skretting on Thursday announced an AUD 36 million expansion to a Tasmanian fish feed plant.
The facility now has the capacity to process 140,000 metric tons of fish feed for the Australian state’s aquaculture industry. The investment is a good sign for Tasmania’s AUD 400 million salmon industry, said Tasmania Premier Lara Giddings.
The salmon industry is a priority sector in the country’s recently released economic development plan, contributing about AUD 152 million toward gross state product and employing about 1,100 people. Skretting directly employs 60 people.
“This expansion will allow Skretting Australia to meet future market demand in one of the fastest growing sectors of food production. By doubling production from its Tasmanian plant to more than 140,000 metric tons, Skretting is well placed to capitalize on growing aquaculture markets in both Australia and New Zealand,” said Giddings. “This is another example of a global company that is choosing to invest in Tasmania and it is encouraging evidence of the growing confidence in our economy. Salmon is one of Tasmania’s largest interstate food export trade items with the high quality of Tasmania’s product contributing to the establishment of a strong domestic market.”
