LAVAL, QuébecNeptune Technologies & Bioressources Inc. announced its Sherbrooke plant is operating at an annualized production capacity of 100 metric tons, and customer shipments of Neptune-manufactured krill oil products have commenced.
"We are pleased with our plant ramp-up progress to date and expect to reach full operational capacity of 150 metric tons of krill oil products annually in the October/November timeframe," commented André Godin, interim president and CEO of Neptune.
Just last month Neptune announced it was producing 50 metric tons.
As many clients decided to wait for Neptune-manufactured krill oils, sales for the second quarter ended August 31, 2014, will be below levels seen in recent quarters. However, with production now further established the corporation expects sales for the third quarter ending November 30, 2014, to be higher than recent quarters. "We remain focused on delivering on our production targets and re-establishing a solid growth path," added Godin.