Alltech Coppens, Alltech’s aquaculture nutrition company, will also support the company through its RAS farming contacts and aid in developing new sales channels around the world for the feed produced within Finland.
Along with these ample resources for research and product development, the new ownership will also enable the expansion of the company’s operations abroad. Alltech Fennoaqua's primary focus is on increasing exports, and thanks to Alltech Coppens’ global distribution, the company will be able to begin exporting feed to a much broader market, with a focus on neighbouring countries and regions, including Sweden, Poland, the Baltic countries, Lithuania, Latvia and Estonia.
Alltech Fennoaqua will continue to develop, manufacture and sell fish feed in accordance with the principles of sustainable development and the circular economy, which align with Alltech’s purpose of Working Together for a Planet of Plenty™. The company’s main focus is on producing feed that provides the highest level of nutrition, which benefits the fish and, as a result, the end consumer.
“Nutrition is the most significant factor in the growth of fish” says Kantola.
The future is bright for the Finnish aquaculture industry, as Finns like eating fish — and are particularly interested in eating fish from Finland. Currently, one-third of the fish eaten by Finns is produced domestically. The average Finnish person eats 12.5 kilos of fish per year, with 4.2 kilos being domestic and 8.3 kilos being foreign.
"Domestic fish is fresh, healthy and, of course, tasty,” said Kantola. “The production of domestic fish feed ensures that Finnish fish can be grown if the import of foreign fish or fish feed is interrupted."
With more than 80% of Finns reporting that they would like to increase their fish consumption, Alltech Fennoaqua is perfectly positioned to continue growing, both domestically and abroad.