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Thursday, October 11, 2007
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Cell Aquaculture buys Dutch barramundi facility

HOLLAND - Worldwide barramundi farming specialist Cell Aquaculture Limited (CAQ) has negotiated to buy out its joint venture partner to own 100 per cent of Cell Aquaculture Netherlands BV. The group advised the main asset is the Tolbert barramundi facility in Holland.


The company noted the Tolbert facility is fitted with Cell’s proprietary production system and is now fully stocked and has commenced selling barramundi to local markets.

The barramundi farmer noted the facility has a production capacity of 70 tonnes of barramundi per annum.

Cell Aquaculture is expanding its capacity and sales in Europe with the Dutch facility and have also installed another barramundi production facility in Bulgaria for a publicly listed seafood company, Atlantic Limited.

Executive chairman Mr Paul Hopper said the European market was very promising with high demand for premium seafood.

“The fully operational Dutch facility now gives us an excellent marketing tool to invite key European distributors to view our unique and sustainable production process first hand,” he added.

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Source: Shaw Online


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