According to Skretting, aquaculture feed production overcapacity in the region is leading to difficult market conditions.

Skretting intends to cease feed production in the UK

Aquafeed firm Skretting plans to start a process of consulting with employees with the view to cease feed production in the United Kingdom at the end of April of  2019.

From the firm, owned by Nutreco, it was argued that the initiative is aimed at reducing the overcapacity in the highly competitive salmon feed market and better use the company’s existing production facilities in Europe.

“Unfortunately, we are experiencing unsustainable market conditions in the UK. With a new large feed plant becoming operational in Scotland early 2019, the total feed capacity in the region is expected to exceed the total market by more than 50 per cent, which is driving down prices, leading to an unsustainable commercial environment,” explains Therese Log Bergjord, the firm’s CEO. 

“In the proposed plan, all locations, including two production sites will close down, and around 100 employees may become redundant. First and foremost, we now concentrate on finding good solutions with our employees, customers, suppliers and partners in the UK”, adds Log Bergjord.

Photo: Google maps

While Skretting experiences regional market challenges in the UK, the group actively pursues further sustainable expansion of the global aquaculture industry from its operations in 19 countries across all continents.

Part of the Skreeting staff in Scotland that will be consulted. (Photo: Skreeting)►

“Aquaculture is an increasingly important and attractive solution to meet growing demand for healthy food. As the global leader in aquafeed, we are fully aware of our responsibilities. That is why we are prepared to take tough decisions to ensure sufficient profitability to finance our future and to remain a pioneer of continued sustainable development of the aquaculture industry”, the firm’s CEO concludes.

Skretting has invested more than EUR 100 million in development of new, more sustainable nutritional solutions over the last five years to drive the sustainability and productivity of the global aquaculture industry.

 
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Address:	Sjøhagen 15
City:	Stavanger
State/ZIP:	(4016)
Country:	Norway
Phone:	+47 815 21 300
Fax:	+47 515 85 768
E-Mail:	fornavn.etternavn@skretting.com
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