May 6, 2010
Spain''s Nuter Feed expands operation in the country
Nuter Feed, a leading manufacturer and supplier of animal feeds in Spain, has officially opened its first plant in Llerena of the Extremadura region, looking to develop and consolidate its presence in the livestock market in southwestern Spain consisting of Extremadura and Western Andalusia.
The plant in Llerena, which has modern facilities, was opened by the President of the Junta de Extremadura, Guillermo Fern？？ndez Vara, who supports the expansion of Nuter Feed in the community of Extremadura.
Javier Lahoz, CEO of Nuter, said the company is investing in its plant in Llerena more than EUR1 million (US$1.28 million) to expand production capacity of the plant - up to 7,500 tonnes / month.
Investments are also made to provide better service to the livestock market in Extremadura and Andalusia, communities in which activities related to the agricultural sector are very important.
Nuter''s intention, with the launch of this plant in Llerena, is to satisfy the market needs of Extremadura and Andalusia and create new points of distribution through its brands Pasaranda and Biona.
With the opening of the plant in Llerena, Nuter now operates 12 plants in the Iberian Peninsula. Together they combined production capacity of over 1 million tonnes of feed per year and generate 500 direct jobs and 2,700 indirect jobs.
The group''s annual turnover exceeds EUR265 million (US$340 million) at present, and the company is the largest domestic manufacturer of feed within private market with 15% market share. It is the second largest pet foods company in Spain.
Nuter''s network comprises of over 1,500 exclusive distributors, and an estimated 40,000 farms in Spain and Portugal regularly order its feed.
The company was created in 2007 through a merger of Pascual de Aranda SA and Saprogal SA, both having more than 45 years of experience in animal feed industry.