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Download - AquaFeed.com

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Page 66aquafeeds; notably for shrimp and nonsalmonidfish species. The strategic targetis to grow its fish feed business for nonsalmonidspecies from 28% in 2010 to 45%of total fish feed volume by 2016. This acquisitionwill increase the non-salmonidshare of total fish feed volume to close to40% in 2013.Acquisition in Egypt finalizedNutreco also <strong>com</strong>pleted the acquisition announcedin April, of the remaining 67%share held by its partners in its Egyptianfirm Hendrix Misr.Nutreco entered the Egyptian market in2001 by acquiring 33% of Hendrix Misrwhich has developed successfully sincethen.Egypt is the world's second largest tilapiaproducer after China. The Egyptian marketfor extruded fish feed is expected toachieve double-digit growth for the foreseeablefuture. Full ownership of HendrixMisr offers Nutreco a good base to expandits activities in this attractive growth market.Hendrix Misr is Egypt's market leader inextruded fish feed, mainly tilapia, which issold under the trade name Skretting, and isa leading producer of poultry feed concentrates.

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