The Portuguese group Lusomar is planning to build a shrimp feed plant in the North Eastern state of Bahía. When operational, capacity will be 40,000 tonnes a year, 80 per cent of which will go to the domestic market and the remainder to the company's shrimp farm in Bahía, Brazil.
Company Director Manuel Castro de Azevedo Cruz says the plant will be built on a 40,000 metre square site with a total investment of $3.8 million (€4m), 70 per cent of which will be financed by the National Bank of Economic and Social Development.
The initial turnover is expected to be approximately Brazilian Real (BRL) 30 million, (€12.1 million), but Mercado da Pesca says this figure could double the following year when the plant is running at full capacity.
The project is part of the company's programme to increase its shrimp production, and will need an investment of $9.5 million over the next two years.
The company aims to achieve production of 5,000 tonnes a year from 2003 onwards, thereby increasing turnover to $25 million, compared with $18 million expected this year and $12 million achieved last year. About 85 per cent of its product is exported, with France, Spain, Portugal, Belgium and the United States as the main markets.
This will be the third shrimp feed plant in North East Brazil, adding to those in Permanbuco and in Sergipe.