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

NRABIBDGXDDBGRC

(END) Dow Jones Newswires

October 30, 2017 03:00 ET (07:00 GMT)

Benchmark (LSE:BMK)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Benchmark Charts.
Benchmark (LSE:BMK)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Benchmark Charts.