Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
   


Photo: Stockfile/FIS

Nutreco increases stake in India-based Eruvaka to 93.7%

Click on the flag for more information about Netherlands NETHERLANDS
Monday, August 08, 2022, 04:00 (GMT + 9)

Nutreco, has  announced it will increase its stake in Eruvaka to 93.7%, from 25.45% in 2018. The acquisition of a controlling majority stake will enable Nutreco’s aquaculture business line Skretting to deliver in-house on-farm software and smart equipment to shrimp farmers around the world to increase their productivity and reduce the risk for their operations. Nutreco’s plan is to gain full ownership of Eruvaka in the course of 2023.

Founded in April 2012 in Vijayawada, Andhra Pradesh, India-based Eruvaka Technologies develops cloud-based aquaculture pond management solutions, including real-time monitoring and smart feeders. Technology features include automatic and intelligent sonic feeding, alerts, pond diagnostics, data recording, analytics and automation.

Nutreco's original stake of 25,45% in a commercial partnership was designed to help scale Eruvaka.

Nutreco CEO Fulco van Lede says, “I am delighted that Nutreco is taking a majority stake in Eruvaka. Our purpose of Feeding the Future drives us to invest in innovative technologies that improve the sustainability of our food supply chain. This investment demonstrates our commitment to supporting aquaculture farmers in incorporating smart solutions that make their business more productive and efficient.”

He continued, “We are grateful to everyone whose expertise and vision brought Eruvaka to where it is today, in particular, the company’s dedicated employees, its most valuable asset; its founder Sreeram Raavi, who not only invented the original concept but whose vision and drive brought it successfully to market; and aqua/agritech-focussed private equity firm Omnivore, whose early belief and investment in the company was instrumental to its growth. We are looking forward to further developing and growing Eruvaka together with its great team of employees.”


Eruvaka CEO Kunal Choudhary says, “Eruvaka has formed the basis for the exceptionally successful Skretting 360+ concept. We have been able to work with farmers to reduce uncertainty, provide peace of mind, increase productivity and reduce risk.”

This technology has been integrated into Skretting’s offering for clients in Latin America since 2018 and has enabled farmers to reduce production costs and increase yield and sustainability parameters, while significantly reducing their risk.

Carlos Miranda, Managing Director of Skretting LatAm, added, “Eruvaka became part of our Skretting 360+ value proposition in 2018, supporting the Precision Feeding and Farm Management pillars of the programme. Together with Skretting premium extruded diets and the Sketting Technical Support, this enabled shrimp farmers to maximise their results and improve their production performance, considerably increasing growth and survival, and reducing the average FCR and cost by 26%. We are proud of supporting our farmers and the market growth in LatAm in this way and are committed to continuing this journey with our customers to pursue continuous improvement of efficiency and sustainability through innovation and digitalisation.”

Since 2019, Nutreco has made over 10 investments across Asia, Latin America, Africa, Australia, Europe and North America, reflecting its ongoing commitment to support innovative new technologies that advance sustainability across the feed-to-farm value chain.

[email protected]
www.seafood.media


 Print


Click to know how to advertise in FIS
MORE NEWS
Papua New Guinea
Sep 26, 07:00 (GMT + 9):
First seafood PNG seafood holding facility opens in Singapore
Malaysia
Sep 26, 06:00 (GMT + 9):
'Gov’t provides funding to help deep sea fishing industry players': Minister Ronald
Ecuador
Sep 26, 01:10 (GMT + 9):
ILLEGAL FISHING AND MIGRATORY RESOURCES: ANALYSIS OF THE ECUADOR FISHING LAW
Indonesia
Sep 26, 01:00 (GMT + 9):
Indonesia explores strengthening of cooperation in fishery with Russia
Chile
Sep 26, 01:00 (GMT + 9):
SalmonChile companies invested US$ 11.5 million in R&D projects
Mexico
Sep 26, 01:00 (GMT + 9):
Mexico and Ecuador maintain trade disagreement on tuna and shrimp
Spain
Sep 26, 01:00 (GMT + 9):
Conxemar: `The commercial and logistical challenges in the fishing industry'
Canada
Sep 26, 00:50 (GMT + 9):
Migration prevision │ Fraser river │ Sockeye salmon (Oncorhynchus nerka) │ 2022
Japan
Sep 26, 00:40 (GMT + 9):
Daily catch │ Chum salmon │ Hokkaido │ until Sep-20
Russian Federation
Sep 26, 00:40 (GMT + 9):
Statistics │ Catch │ Pacific salmon: pink, chum, sockeye, coho, king │ 1988-2022
Japan
Sep 26, 00:30 (GMT + 9):
Monthly handling │ Ikura │ Hokaido and Tokyo│ by origin │ 2021-22
Japan
Sep 26, 00:30 (GMT + 9):
Volume and prices │ Salmon roe: Sujiko and Ikura │ Tokyo Central Fish Market │ 2021-22
Japan
Sep 26, 00:30 (GMT + 9):
Volumes and prices │ Frozen and salted salmon │ Tokyo Fish Central Market | 2021-22
South Korea
Sep 26, 00:10 (GMT + 9):
Statistics │ Import by origin │Crab │ Aug-2022
United Kingdom
Sep 26, 00:00 (GMT + 9):
Other Media | Fish Farmer: Mowi will appeal Loch Hourn planning decision



Lenguaje
FEATURED EVENTS
  
TOP STORIES
PNIPA: More than 500 artisanal fishermen from Sechura will benefit from the export of clams and navajuelas to Taiwan and Chile
Peru PRODUCE program co-finances projects that allow compliance with sanitary standards throughout the value chain of these bivalve molluscs.   Export value of canned navajuelas and clams will be US...
ILLEGAL FISHING AND MIGRATORY RESOURCES: ANALYSIS OF PERU'S FISHING LAW
Peru The Fishing Law of Peru was sanctioned by Law 25,977 of December 7, 1992 and Supreme Decree 012-2001-PE. This country represents 8% of world catches and is number one in Latin America, which is why...
First Of Trawler Series Sails From St Petersburg Yard
Russia Fed. The first of a series of high-tech factory trawlers built in Russia for the Russian Fishery Company has sailed from the Admiralty Shipyard in St Petersburg. A farewell ceremony for 108 metre LOA, 21 ...
'Gov’t provides funding to help deep sea fishing industry players': Minister Ronald
Malaysia The government is providing assistance, including funding through Agrobank, that can be used by deep sea fishing industry players to modernise vessels and fishing mechanisms, said Agriculture and Food...
 

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2022 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER