Grant to help Port Lincoln seafood business expand
Tuesday, 7 November 2017
Eyre Peninsula Seafoods can now expand its mussel market internationally with the introduction of value-adding, innovative technology thanks to a $500,000 grant from the State Government’s Regional Development Fund.
The Port Lincoln-based business will now create 14 new FTE positions in the company, in addition to its existing 32 FTEs.
The grant will help EP Seafoods introduce a wet store holding facility, innovative technology not currently used in Australia, which will allow a higher production volume, improve supply of product throughout the year, and meet stringent international standards. This will allow the company to keep up with demand and pursue markets in the USA and Canada.
Broken or damaged stock will no longer go to waste, with value-adding facilities maximising use of the mussels, and a new wet store holding facility will be the first of its kind in the country.
EP Seafoods Chief Executive Officer Mark Andrews said the RDF grant will allow the business to complete stage two of its expansion and increase its product supply by the middle of 2018.
“The new technology we are installing will bring us greater return thanks to increased production, market expansion, and a reduction in waste,” said Mr Andrews.
“We’ll also be fully self-sufficient in power supply and storage, reducing the risk of stock loss and improving our ability to supply the market whatever the weather.”