Russian Aquaculture Name Change Shows its Multi-Million Dollar Comittment to Fish Farming
SEAFOODNEWS.COM [Barents Observer] by Trude Pettersen - February 23, 2015
One of Russia’s largest seafood producers and aspiring aquaculture company Russian Sea Group changes its name to Russian Aquaculture and announces a large investment program.
The change of name is connected to the company’s strategy of increased focus on fish farming. Russian Aquaculture plans to invest more than 13 billion rubles (€184.2 million) in fish farming in the period to 2020 and increase production more than four times – to 21.000 tons of fish per year, RBC reports.
The investment plans include building of a fodder factory with capacity of 80.000 tons per year, and facilities for production of 12 million smolt per year. This will make the company less dependent on import from aboard, as Russia lacks its own production of quality fish fodder and smolt. Russian Sea Group has been importing all their fodder and smolt from Norway...
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