Neptune nabs $25 million in new orders thanks to Asian krill demand

Neptune nabs $25 million in new orders thanks to Asian krill demand

Krill oil awareness in Asia, being greatly associated to Neptune's NKO as a premium reference of omega‐3, clearly confirms Neptune's brand's initial recognition in the Asian nutraceutical market.

Neptune Technologies & Bioressources Inc. is pleased to confirm new and firm orders amounting to $25 million for calendar year 2013. Krill oil awareness in Asia, being greatly associated to Neptune's NKO as a premium reference of omega‐3, clearly confirms Neptune's brand's initial recognition in the Asian nutraceutical market.

"As the leader of science and innovation in our field, it is always comforting and stimulating for Neptune's team to witness the benefit of a strong strategic action plan to build brand recognition worldwide," quoted Henri Harland, CEO.

"Neptune's team along with a solid performance of our commercial partners have exceeded expectations. Furthermore, we are looking forward to deliver additional volume and to expand our capacity to meet new exciting challenges," said Michel Chartrand, COO.

Pursuant to commercial discussions at Vitafoods Geneva in May 2012, Neptune will initiate earlier than planned the third phase of its Sherbrooke plant expansion, originally scheduled during 2014. Neptune has also announced important executive and management organizational changes in a preceding press release in anticipation of this significant growth.

"We are showing continuous growth and strong results which is excellent news for our shareholders," concluded Neptune's CEO.

 

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