BioMar to establish Joint Venture factory in Costa Rica
The BioMar Group and one of the world leaders in tilapia production, Aquacorporacion Internacional SA (ACI), will establish a new joint venture factory for the production of tilapia feed in Costa Rica.
The new factory is expected to start production within the next year and will deliver premium quality fish feed to the growing production of tilapia in Central and South America. The Joint Venture is also later going to be central in BioMar efforts to develop new concepts and diets for marine species and supporting the development of aquaculture in Latin-America.
ACI is the second largest individual producer of fresh tilapia fillets in the Americas and a major exporter of fresh premium tilapia to the US with an estimated market share of 20%. ACI’s Rain Forest brand is one of the most recognized brands in the industry.
The BioMar Group holds a well established position as one of the leading suppliers of high-quality fish feed for primarily salmon, trout, eel, bass and bream. Since 2006 BioMar has had a growing involvement in the development and production of tilapia feed for Latin-American and African markets. With the new Joint Venture BioMar will gain a solid foothold within grower feeds for tilapia, where BioMar’s know-how in feed development and recipe optimization can be used to increase efficiency and performance compared to standard tilapia diets.
The tilapia is a warm water fish, which primarily feeds on vegetal food sources. It is a highly sustainable alternative for human nutrition as it has a very efficient feed conversion.
Read the full press release here.