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MHI to Invest €3.5 million in Bantry Bay

16.01.2012
MHI to Invest €3.5 million in Bantry Bay

The capital investment is part of a €14m programme by the Irish subsidiary Marine Harvest Ireland (MHI) over the next five years. MHI plans to upgrade 16 aquaculture sites around the coast. MHI has lodged an application with the Department of Agriculture for an aquaculture licence and a foreshore licence for the proposed Shot Head development.

The development would create six full-time jobs during the farm set-up and two extra jobs when fully operational.

MHI technical manager, Catherine McManus, said the investment will also secure the 40 jobs already in existence. She said the current economic situation hasn’t deterred the company from investing in Ireland.

Ms McManus said: "There is huge potential for this investment as the sector is doing exceptionally well. There is great demand in the marine industry; the problem is the lack of fish.

"The investment at Bantry Bay will improve facilities and create a world-class operation in the Beara Peninsula which will secure the long-term future of the aquaculture industry in the area."

The company will also commission a marine vessel with a local ship builder to service the Shot Head site.

MHI has been in operation for 30 years employing over 260 people between its salmon farms and hatcheries in Donegal, Mayo and Bantry.

Ms McManus said: "The high environmental standards of our Irish operations have established them as the ideal location for the company’s premium organic salmon business. The guarantee of ‘Produced in Ireland’ is also a significant contributor to the success of our sales across sophisticated European markets.

"For those reasons the company is committed to maintaining its presence here and is investing to ensure our Irish operations can continue to operate to best international standards."


 

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