Aktieselskabet Schouw & Co.
BioMar to make major capacity investment in Norway
Aktieselskabet Schouw & Co. 27.05.2014 08:30 Dissemination of a Adhoc News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- The wholly owned subsidiary BioMar has resolved to invest approximately DKK 400 million in a new production line that will expand the company's capacity in Norway by 30%. The move consolidates BioMar's prominent position in what is the world's most advanced fish farming country. The new production line is expected to be operational in 2016. Based on preliminary analysis, the expansion is expected to take place at the existing plant at Karmøy, but the further planning process may lead to a different conclusion. The 140,000 tonne capacity increase corresponds to a revenue increase of DKK 1.0-1.5 billion. The decision will not influence the revenue and earnings guidance for 2014. Aktieselskabet Schouw & Co. Jørn Ankær Thomsen Jens Bjerg Sørensen Chairman President Questions relating to the above should be directed to Jens Bjerg Sørensen, President, on tel. +45 8611 2222. News Source: NASDAQ OMX 27.05.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Aktieselskabet Schouw & Co. Denmark Phone: Fax: E-mail: Internet: ISIN: DK0010253921 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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