The wholly owned subsidiary BioMar has resolved to invest approximately DKK 400 million in a new production line that will expand the company's capacity in Norway by 30%. The move consolidates BioMar's prominent position in what is the world's most advanced fish farming country.
The new production line is expected to be operational in 2016. Based on preliminary analysis, the expansion is expected to take place at the existing plant at Karmøy, but the further planning process may lead to a different conclusion.
The 140,000 tonne capacity increase corresponds to a revenue increase of DKK 1.0–1.5 billion.
The decision will not influence the revenue and earnings guidance for 2014.
Aktieselskabet Schouw & Co.
Jørn Ankær Thomsen Jens Bjerg Sørensen
Chairman President
Questions relating to the above should be directed to Jens Bjerg Sørensen, President, on tel. +45 8611 2222.
Attachments
