Nutreco and African Century Foods announce fish feed joint venture in Zambia
1 February 2016
Amersfoort, the Netherlands/London, UK | 1 February 2016 – Nutreco and African Century Foods (ACF) have entered into a 75/25 joint venture in Zambia, Skretting Zambia, for the production, sale and distribution of tilapia feed. The agreement is subject to regulatory approval. The joint venture will construct and operate the first dedicated fish feed plant in Zambia. Skretting is Nutreco’s global brand for aquafeed.
Aquaculture in Zambia is developing at a rapid pace, in order to reduce the dependency on imported fish. A lack of high quality fish feed is the key bottleneck in the further development of the regional aquaculture sector, which primarily consists of tilapia farming.
The new plant will be located at Siavonga, Lake Kariba, close to the major fish farms in Zambia and Zimbabwe, and will have an initial capacity of 25,000 tonnes of extruded fish feed. A substantial part of the capacity will be used to supply the Zambian and Zimbabwean tilapia farms of joint venture partner ACF, Africa’s largest fish producer with tilapia farms in Zambia, Zimbabwe and Uganda. Plant capacity will be expanded in a second phase with the aim of supplying the wider South-East African region.
Harm de Wildt, Managing Director for Nutreco´s operations in EMEA: “This joint venture is a new step in our commitment to the African market, adding to recent fish feed investments in Egypt and Nigeria. The production of high quality, extruded fish feed will further support the development of aquaculture in this region. It will help our customers to increase efficiency and profitability, and as a result will also mitigate the environmental footprint of the sector. In ACF we have found the right partner to establish a strong foothold in the South-East African market.”
Henry Pitman, CEO ACF: “Having consistent supplies of high quality feed is critical to the success of our aquaculture operations in Zambia and Zimbabwe. This new feed mill will allow us to expand our operations from the current production levels of 10,000 tonnes and help to reduce our cost of production in line with our strategy to become the lowest cost producer of tilapia in the region. Furthermore we will be able to increase our support to the development of aquaculture across the region. In Skretting, ACF is partnering with a worldwide leader in aquaculture feed.”
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Nutreco is a global leader in animal nutrition and aquaculture feed. Nutreco’s advanced feed solutions are at the origin of food for millions of consumers worldwide. Quality, innovation and sustainability are guiding principles, embedded in the Nutreco culture from research and raw material procurement to products and services for agriculture and aquaculture. Experience across 100 years brings Nutreco a rich heritage of knowledge and expertise for building its future. Nutreco employs approximately 11,000 people in 35 countries with net sales of € 5.3 billion in 2014. Its two global company brands Skretting (aquaculture feed) and Trouw Nutrition (animal nutrition) have sales in over 90 countries. Nutreco is a wholly owned subsidiary of SHV Holdings N.V., a family-owned multinational with net sales of €14.9 billion (excluding Nutreco) in 2014.
Skretting is the world leader in the manufacture and supply of aquaculture feeds, making it an essential link in the feed-to-food chain. We apply our knowledge of ingredients and the nutritional needs of fish and shrimp to develop innovations that achieve optimum nutritional value, sustainable production and economic performance as we seek to fulfil the Nutreco-wide mission of Feeding the Future.
About African Century Foods
African Century Foods is part of African Century Group, an operating investment company that has developed a portfolio of investments in sub-Saharan Africa, principally in East and Southern Africa in financial services, property development and fish farming.
African Century Foods, trading as Lake Harvest, is the largest aquaculture group in Africa owning fully integrated fish farms in Zambia, Zimbabwe and Uganda. These farms have their own hatcheries, cage-based production, processing and value added, refrigerated cold chain and wholesale and retail distribution.
We create value for our stakeholder communities by operating in a socially and environmentally responsible way, with the intention of creating lasting employment and, above all, by supporting the development of local skills and infrastructure.
Mark Woldberg (Nutreco)
Manager Corporate Communications
T +31 33 422 6176
M +31 6 1503 3036