BioMar announces joint-venture feed company in Turkey

By

SeafoodSource staff

Published on
May 8, 2014

The BioMar Group and Turkey-based aquaculture firm Sagun Group, announced at Seafood Expo Global in Brussels the formation of a joint-venture fish feed company in Turkey.

The President of the Sagun Group, Ahmet Tuncay Sagun and Torben Svejgaard, CEO of the BioMar, used the celebration of the 10th Anniversary of the Turkish Pavilion at the expo to sign a Memorandum of Understanding as the basis for forming the company.

The partnership will establish a fish feed factory, which is expected begin operating at the end of 2015, and will supply fish feed to both Turkey and some of its neighboring countries.

The annual Turkish aquaculture production has grown to around 200,000 metric tons (MT) of fish in recent years. 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.

“BioMar is a perfect match for the Sagun Group. The know-how of BioMar within areas like fish feed development, sourcing and feed manufacturing will benefit both us and other fish farmers in Turkey. BioMar is the leading supplier of high performance feed to sea bass, sea bream, and trout in Europe, and we are proud to enter into a collaboration agreement with BioMar on equal terms,” said Sagun. “We believe this Joint-Venture will help to develop and strengthen the whole aquaculture sector in Turkey.”

“Turkey is one of the leading aquaculture nations in Europe. It still has a tremendous growth potential with excellent natural conditions for fish farming, a growing domestic fish consumption as well as good access to export markets for both fish and fish feed,” saiud Svejgaard. “We are extremely pleased to enter this agreement with the Sagun Group. The Sagun Group is a solid company with a long history and an excellent network in Turkey and internationally. This will facilitate the market access for the new Joint-Venture factory.”

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