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BRIEF-Schouw & Co: BioMar to build production plant in Australia
March 24, 2017 / 8:35 AM / 9 months ago

BRIEF-Schouw & Co: BioMar to build production plant in Australia

March 24 (Reuters) - Schouw & Co A/S:

* Danish company BioMar, manufacturer of quality feed for the fish farming industry, is to invest about 300 million Danish crowns ($43.5 million) in the establishment of a production plant in Australia

* The new Australian plant is expected to be completed in 2019 and will facilitate an annual capacity of 110,000 tonnes of fish feed

* BioMar is wholly-owned wholly by Schouw & Co

* The investment in the new production plant in Australia will not affect the Schouw & Co. Group’s earnings significantly before the fiscal year 2020

Source text: bit.ly/2ndD6qb

Further company coverage: ($1 = 6.8949 Danish crowns) (Gdynia Newsroom)

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