{"id":1144,"date":"2018-05-22T15:29:09","date_gmt":"2018-05-22T13:29:09","guid":{"rendered":"https:\/\/www.algaia.com\/?p=1144"},"modified":"2019-03-13T15:31:04","modified_gmt":"2019-03-13T14:31:04","slug":"algaia-receives-a-e4-million-boost","status":"publish","type":"post","link":"https:\/\/www.algaia.com\/en\/index.php\/2018\/05\/22\/algaia-receives-a-e4-million-boost\/","title":{"rendered":"Algaia Receives a \u20ac4 million Boost"},"content":{"rendered":"\n<p>Paris \u2014 Algaia, S.A., will accelerate its&nbsp;development and \ninstall a new specialty seaweed extract production unit in its Lannilis \n(Brittany-France) manufacturing facility dedicated to specialty algae \nextracts. The company\u2019s main shareholder, Maabarot Products Ltd., \ninfused Algaia with an additional \u20ac4 million in equity to support \nfurther expansion of its production facility and innovation center \nlocated in Saint-Lo (Normandy-France).<\/p>\n\n\n\n<p>Algaia works with local fishermen to harvest brown algae just a few \nkilometres from its plant in Brittany, France, to ensure a constant \nfresh local supply of seaweed biomass. The company is committed to \ncontrol its supply and ensure its customers receive sustainable, \nhigh-quality products.\n\n  <\/p>\n\n\n\n<p>Algaia previously invested \u20ac5 million in 2017\/2018 in\n its facilities in Lannilis, France, to develop new marine ingredients, \nimprove processing, and increase capacity. The company intend to install\n a new specialty algae extract production line based on innovative \ntechnology developed in the past three years. The new production unit \nwill expand Algaia\u2019s portfolio beyond traditional seaweed extracts, \nadding functional liquid products for the Ag-tech market.\n\n  <\/p>\n\n\n\n<p>\u201cWe are pleased with the rapid growth of Algaia,\u201d notes Eyal Shalmon,\n Chairman of Maabarot Products Ltd. \u201cWe continue to strive to position \nAlgaia as a leader in the algae extracts market.\u201d \n\n  <\/p>\n\n\n\n<p>\n\n  \u201cWe are expanding both our portfolio and our geographical presence,\u201d \nadds Fabrice Bohin, CEO of Algaia. \u201cInnovative products and technologies\n are currently being developed for launch in the coming months. We also \nare strengthening our positions in the Americas where, as in Europe, we \nidentified a growing interest in marine-derived ingredients. We are \npleased to see our shareholders committed to Algaia\u2019s growth plans and \nwe look forward to continuing our growth both organically and via \nacquisition of specialty marine-based companies.\u201d<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Read full release<\/li><li>Lire le communiqu\u00e9 en fran\u00e7ais<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Paris \u2014 Algaia, S.A., will accelerate its development and&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Algaia Receives a \u20ac4 million Boost &#8226; 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