POST Online Media Lite Edition


Croatian Cromaris to invest €54 million in two new sea bass farms

Staff Writer |
The Croatian aquaculture and fish processing company Cromaris has announced plans to establish two new sea bass and bream farms in the Adriatic.

Article continues below

In order to achieve this, as well as increase the capacity of its hatchery in Mala Lamjana and its fish processing facilities, Cromaris is planning to invest HRK 400 million (€54 million) in the coming five years, according to senior company representatives.

This would be a marked increase on an earlier plan to allocate HRK 370 million (€49.95 million) to expand its capacities.

The company produces sea bream, sea bass, mussels and flat oysters, and processes tuna, sardines, mackerel and hake.

Cromaris has recently added two new fish farms, Kudiza and Zman, to its existing five facilities. The company says that both farms were equipped with high-end automatic feeding systems and automatic net cleaners.

The investments are part of plans by Cromaris to increase its annual production of sea bream and sea bass from 7,000 tonnes to 10,000 tonnes per year, the firm said.

Set up in 2009, the company is part of Adris, a multi-industry conglomerate.

Over the past years, the group has invested about HRK 745 million (€100.57 million) with the aim to develop Cromaris’ market position, enabling the fish farmer and processor to report an average annual sales growth of 26%.

What to read next

Croatia introduces 22 times higher tax on imported food, Serbia calls customers to think twice
Philips Lighting begins largest LED horticultural lighting project in world
Monsanto and Microsoft to invest in agricultural startups