Nutreco continues its commitment to growth in Egypt

20 November 2015

Nutreco continues its commitment to growth in Egypt by investing in additional tilapia fish feed capacity. This week saw the opening of an extra line in its existing Egyptian plant, in the eastern part of the Nile Delta. The investment enables Skretting, Nutreco's aqua feed business, to triple its tilapia fish feed capacity in Egypt to 150,000 tonnes and extend its market leadership. In a further sign of commitment, Skretting has entered into a five year research partnership with fish research institute WorldFish to support the sustainable development of aquaculture in the region.

Egypt is the world’s second largest producer of tilapia fish. The growth of its aquaculture sector has been significant in recent years and production is expected to grow further from 1.3 million tonnes in 2014 to 2 million tonnes in 2020. Over 580,000 people are employed in aquaculture, more than in the rest of Africa combined.

The extra capacity allows Skretting to better serve the Egyptian tilapia sector with high quality fish feed, as well as technical expertise and support. Tilapia farmers are professionalising at a rapid pace, which is increasing demand for extruded fish feed. Compared to pelleted feed, extruded fish feed has the benefit that more of the feed is actually digested by the fish. This results in more resource efficient tilapia production and less pollution. 

Harm de Wildt, Managing Director for Nutreco´s operations in EMEA: “This investment underscores our commitment to the African market. Through the investment in extruded fish feed capacity and regional R&D, we can support more customers in increasing their efficiency and profitability. Equally important, it will accelerate the transfer of our knowledge acquired in other fish species to tilapia, thus contributing to the sustainable development of aquaculture in Egypt."

R&D partnership
Skretting has also entered into a five year R&D partnership to support sustainable aquaculture in Egypt and Africa with WorldFish, a research institute that focuses on reducing poverty and hunger by improving fisheries and aquaculture. The partnership will focus on tilapia nutrition and testing of new, local ingredients for fish feed. The construction of an advanced trial unit with a recirculation system is part of the partnership.

Africa strategy
More than half of the projected global population growth in the coming decades will take place in Africa. The continent will have added 1.3 billion people by 2050, roughly equivalent to the current population of China. The investment is a next step in Nutreco’s ambition to expand in Africa. Nutreco entered Africa in 2001 by acquiring a share of the Egyptian company Hendrix Misr, which came under full ownership in 2013 and was renamed Skretting Egypt. Nutreco increased its presence in 2014 through a fish feed joint venture in Nigeria. Further investments are currently being explored.

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About Nutreco
Nutreco is a global leader in animal nutrition and aquaculture feed. Our 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. 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 ($19.7 billion) 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.

www.nutreco.com
www.skretting.com

Media enquiries
Mark Woldberg
Manager Corporate Communications
T +31 (0) 33 422 6178
M +31 (0) 6 1503 3036
E mark.woldberg@nutreco.com