Polish insect-based protein maker HiProMine has bought a land plot of 42,000 sq. meters in Karkoszów, near the nation’s western border with Germany, to construct its second new manufacturing facility. The venture is a part of the corporate’s technique to grow to be a number one protein provider to the European pet meals trade and enhance its manufacturing capacities.
HiProMine says its flagship product, HiProMeat, is an “unmatched supply of unprocessed, pure and uncooked animal protein,” in addition to an “efficient response to the rising reputation of contemporary meat meals for canine and cats.”
Michał Pokorski, chief govt of HiProMine, stated the enterprise is at present finalizing the tendering course of to pick out a development firm that may construct its new manufacturing facility and is arranging financing for the venture.
Previously, HiProMine attracted investments from main companies corresponding to Uber, whose chief govt on the time, Travis Kalanick, introduced in 2016 that his firm would spend money on 4 European startups together with HiProMine.
New insect protein manufacturing capacities
The funding in Karkoszów will double the corporate’s manufacturing capabilities, which at present comprise its plant in Robakowo, Poland.
“Development work is scheduled to be accomplished inside a interval of 12 months,” Pokorski stated. “We plan to launch this work this fall [2022]. The designed manufacturing capacities of the brand new manufacturing facility might be 25,000 tons per 12 months.”
In the long run, HiProMine goals to function greater than two manufacturing amenities, in accordance with its CEO. “Right now, we can not disclose when and the place they are going to be constructed, however the demand for insect-based protein is rising sooner than the manufacturing capacities of its producers,” Pokorski stated.
Ingredient exports to rise
Requested in regards to the firm’s worldwide growth efforts, the CEO replied that exports already dominate HiProMine’s gross sales, and, with the launch of the brand new manufacturing facility in Karkoszów, their share will additional enhance.
“The pet meals trade in Poland is far smaller than markets corresponding to Germany, the UK and even the Czech Republic,” Pokorski stated. “As of as we speak, export gross sales represent greater than 85% of our gross sales, and after the launch of the brand new plant, this worth will exceed 90 to 95%. Different markets the place we’re at present current embody Lithuania, Denmark, Switzerland and Norway.”
HiProMine was established in 2015. Since July 2022, the producer has been listed on the New Join index of the Warsaw Inventory Alternate.
Adamowski is a contract journalist primarily based in Warsaw, Poland. He has written on numerous industries, together with pet meals, drinks, telecoms, power, protection and pensions, for quite a few English-language publications.
