Mowi enters into strategic feed partnership with Skretting/Nutreco
Norway, Dec. 22 -- Mowi ASA enters into a strategic and industrial partnership agreement with Skretting/Nutreco where Mowi produces feed based on Skretting's feed formulation making Mowi an even better salmon farming company.Key highlights: * Strategic partnership to deliver more than NOK 650 million (EUR 55 million) in annualised net cost savings through improvements in feed formulation and recipes, procurement and logistics. * Mowi Feed with its two state-of-the-art factories to be retained as-is providing an expected EBITDA contribution in 2026E of NOK 825 million (EUR 70 million), and to capitalise on further tightening of the feed market in the coming years. * Total EBITDA contribution of feed partnership with Skretting and retained Mo...
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