Benchmark Holdings PLC Land-based Broodstock Facility Reaches Milestone
October 30 2017 - 2:00AM
RNS Non-Regulatory
TIDMBMK
Benchmark Holdings PLC
30 October 2017
Benchmark Holdings plc
("Benchmark" or the "Company")
Construction of land-based salmon broodstock facility reaches
significant milestone
Benchmark today announces that its new land-based salmon
broodstock facility in Norway is now ready to house its first batch
of broodstock. The 10,000 square-meter facility will receive
delivery of the first stock in November from Salten, the joint
venture partner of Benchmark's subsidiary SalmoBreed, who have been
growing SalmoBreed's genetic material. Salmon eggs from this stock
will be produced early Autumn 2018 and first test batch sales are
expected two months later.
The new facility will deliver eggs throughout the year for the
entire production cycle and will be the first of its kind to do so
in Norway. Smolt (young salmon) from SalmoBreed's breeding station
in Lønningdal will also be delivered in November. This new site,
which is based on Benchmark's Icelandic model, is fully-biosecure
and has the capacity to produce over 150 million ova per year.
The build of the facility is on schedule and is expected to
reach full capacity by Autumn 2019.
Malcolm Pye, Benchmark CEO, commented:
"SalmoBreed Salten will be the world's most advanced facility.
This additional capacity will allow us to take up our production to
meet the increasing demand for disease free, year-round salmon ova
and support the strong growth of the Norwegian salmon industry.
"Norway is a leading player in salmon and there is a continuous
drive towards improvements in production efficiency traits, disease
resistance and product quality . Benchmark are well-placed to
address this through our robust breeding programmes that are proven
to tackle some of the industry's biggest challenges."
-ENDS-
Benchmark Holdings plc Tel: 020 7920 3150
Malcolm Pye, CEO
Rachel Aninakwah, Communications
Numis Tel: 020 7260 1000
Michael Meade / Freddie Barnfield
(NOMAD)
James Black (Corporate Broking)
Tavistock Tel: 020 7920 3150
Sophie Praill / Simon Hudson
Notes to Editors:
Benchmark challenges the status quo in aquaculture, agriculture
and animal healthcare.
Since 2000, Benchmark has consistently worked to build a
platform to serve its customers, helping farmers to take control of
their biological environment through the combination of genetics,
nutrition, health and knowledge services. Through its in-depth
knowledge of animal biology, Benchmark is able to tackle the key
issues in the aquaculture, livestock and companion animal
sectors.
The Company has proven distribution capabilities in high growth
markets and operates internationally with R&D facilities,
commercial farms, diagnostic laboratories, manufacturing sites,
production facilities and commercial offices across 27 countries in
five continents. As at 30 September 2017, Benchmark employed 952
people.
For further information on Benchmark please visit
www.benchmarkplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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