September 15, 2014
Australia’s $40 billion aquaculture industry is on pace to boom by 2020 as capital inflow are set to increase and the country’s two biggest fish farming companies achieve more profitable positions spurring other companies to list on the Australian stock exchange – such as Huon Aquaculture which is considering a float that could be worth up to $400 million. Up until now the industry has not seen a lot of new capital but Tassal, one of the largest fish farming companies in the country states that the business is set to double in size over the next ten years with a long-term target of 15% return on assets. Cleanseas, another major fish farming business in Australia will achieve returns of $20 million next year, and has set plans to reach returns of $60 million.
To receive relevant news stories with summaries provided by GAI Research & Insight, subscribe to Global AgDevelopments, our free weekly enhanced eNews service
Let GAI News inform your engagement in the agriculture sector.
GAI News provides crucial and timely news and insight to help you stay ahead of critical agricultural trends through free delivery of two weekly newsletters, Ag Investing Weekly and AgTech Intel.