- Construction of a Fish-Feed Factory
- Ready to Operate by year 2008
- Euro 20-25 mil. of Additional Annual Contribution, to Group Revenues
The investment plan of NIREUS GROUP in Turkey, is about to enter the phase of its outright implementation.
In that context, in the following days the assignment of the construction of a 40.000-45.000 tons of annual capacity factory is going to take place, while all its production will be absorbed by the local Turkish market. The amount of the said investment is estimated at approximately ευρώ 10 mil.
The factory will commence operations during year 2008, while its revenues are anticipated to reach ευρώ20 mil. in the first year of its operation (y.2008) and ευρώ 25 mil. in year 2009.
In the frame of the materialization of this investment program, a contract was conducted for the concession to NIREUS''s subsidiary MIRAMAR Turkey, of an industrial real estate of 20.952 sq.m. including an existing building of 6.000 sq.m., in the Industrial Zone of Aydin-Turkey.
The real estate was acquired by MIRAMAR Turkey from its previous beneficiaries, against the amount of $750.000.
The existing infrastructure (building) will be fully utilized so that together with the new construction operations which will start during 2007 in the same real estate, a modern fish-feed factory will operate in the beginning of year 2008.
It is worth noting that MIRAMAR Turkey is a subsidiary of MIRAMAR Projects U.K., which is controlled by 100% from NIREUS INTERNATIONAL LTD, which is the international holdings company that was founded by NIREUS S.A. in Cyprus.
The real estate resides in the middle of the Ismir - Bodrum national road , approximately 150 klm. South of Ismir.Almost the majority of Turkey''s fish farming units/stations are residing in the region of Ismir (35%) and Bodrum (65%).