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"Aquaculture, not the Internet, represents the most promising investment opportunity of the 21st Century."

- Peter Drucker, Management Expert & Economist

2018-05-10

Kangamiut invests in African tilapia operation

Danish giant Kangamiut declares aquaculture to play a clear role in the group's strategy going forward. Kangamiut Holdings - parent of Denmark's Kangamiut Seafood, Alimex Seafood and Northcoast Seafoods in the UK - is investing in a tilapia farm in Ghana.

The farm, which will operate under the umbrella of the holding's pelagic firm, DanMarin, is currently under construction and is expected to start producing this year.

"Farmed fish plays an increasingly bigger role", CEO Ulrik Bjerre Rasmussen says. "We want to support the local market in Ghana but a part will also go to export markets." He declined to share further details such as projected volumes at this point in time but said the group has a clear strategy to make aquaculture part of its portfolio once again. "It's becoming increasingly more important to secure raw material for our customers, and in addition, Africa is becoming an increasingly important Market". DanMarin - which is just one of the holding's 22 wholly and partly owned subsidiaries -mainly sells its pelagic fish into Nigeria and Ghana, which is expected to grow.

 
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