Cargill Aqua Nutrition, together with its partner Naturisa, reached an agreement to associate with Skyvest EC Holding and create a joint venture (strategic alliance) in order to cover the growing demand for high quality shrimp feed that exists in the Ecuadorian market.
Cargill arrived in Ecuador in 2015, when it partnered with shrimp farming company Naturisa to build and operate a shrimp feed factory under the name Aquacargill del Ecuador.
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Since then, according to Helene Ziv-Douki, president of the Cargill Aqua Nutrition group, the Ecuadorian shrimp farming industry has continued to grow, as has the need to satisfy the demand for high-performance feeds.
Now, through this alliance with Skyvest, Cargill will increase its shrimp feed production capacity by operating the feed production facility currently owned by Skyvest’s subsidiary Empagran, located in Guayaquil.
The plant, which will now be operated by Cargill, was built in 2018. It has a production capacity of 156,000 metric tons and employs more than 200 people.
Ángel Gómez, director of the Cargill business for Latin America, affirmed that through this joint venture the firm will reach almost double its current production and will improve its capacity to serve its clients and partners.
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“We will invest in this facility and expand our shrimp feed offering under the Aquaxcel brand, from Cargill Aqua Nutrition, which will allow us to meet the growing demand for feed among our customers,” said Gómez.
While Víctor Estrada, owner of Skyvest, was enthusiastic about the alliance with Cargill, ensuring that the company will bring experience and knowledge of global supply chains and risk management to manage the plant.
“Cargill’s knowledge will improve feed performance, and their willingness to invest in the plant will bring more high-performance feeds to market,” said Estrada, noting that the transaction, which is subject to regulatory approvals, is expected to close. in the coming months. (YO)