BioMar announces that it has acquired the remaining 30% shares in BioMar Ecuador. At the same time, BioMar Ecuador expects to expand the production capacity from 300,000 tonnes to 410,000 tonnes during 2026.

“It has been an incredible journey together with Lanec. We were new to the Ecuadorian world of shrimp when entering the joint venture, and Lanec has been instrumental contributing to designing future product solutions while adapting our research to accelerate growth in Ecuador”, explains Carlos Diaz, CEO, BioMar Group and continues:  

“We are grateful to the family and team behind Lanec for being committed to a true partnership characterised by trust and innovation through the years of building the business together. We are extremely thankful that we can continue as strategic commercial partners going forward. I am sure, we will continue to contribute to mutual development”.  

Expansion of capacity in progress 

Following the strong growth of the Ecuadorian business, BioMar has decided to expand the capacity of the production facility from 300,000 to 410,000 tonnes. This will be done through debottlenecking as well as through a new line for pelletised feed. This expansion project is expected to be completed in Q3 2026.  

“We see a great potential for shrimp farming in Ecuador, and we are well-positioned to benefit from the growth in the market. During the last years, we have moved from having a strong foothold among the small and medium size farmers to establishing long-term strategic collaborations with some of the largest farmers in the country, collaborating on building innovative feed solutions promoting a more efficient and sustainable aquaculture in Ecuador, explains CEO Carlos Diaz, and continues: 

“In parallel with the current expansion project, we are working on an implementation of 200,000-300,000 tonnes additional capacity, which requires changes in our infrastructure of the site. This expansion will be necessary in order to meet the expected demand from our customers and will consist of a combination of lines for pelletised feed and lines for extruded feed. We expect that this project will be initiated in the first half of 2026”.  

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_{This press release contains forward-looking statements, which are based on current expectations, projections and assumptions about future events. Forward-looking statements are statements (other than statements of historical fact) relating to future events and BioMar’s anticipated or planned financial and operational performance. The words “may”, “will”, “should”, “expect”, “anticipate”, “believe”, “estimate”, “plan”, “predict”, “intend” or variations of these words, including negatives thereof, as well as other statements regarding matters that are not historical facts or regarding future events or prospects, constitute forward-looking statements. BioMar has based these forward-looking statements on its current views with respect to future events and financial performance. These views involve a number of known or unknown risks, uncertainties and assumptions, which could cause actual results to differ materially from those predicted in the forward-looking statements and from the past performance of BioMar. Although BioMar believes that the estimates and projections reflected in the forward-looking statements are reasonable, they may prove materially incorrect, and actual results may materially differ, e.g., as the result of risks related to the industry in general or BioMar in particular, including those described in BioMar’s Annual Report 2024 and other information made available by BioMar. As a result, you should not and may not rely on these forward-looking statements as a prediction of actual results. Forward-looking statements speak as of the date of this press release and no one undertakes to publicly update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by law.}