Innovation, Trade and Rural Development
February 10, 2010

Arnold’s Cove Company Doubling Production Capacity

Working towards the goal of doubling its production capacity and positioning itself for long-term success, Merasheen Mussel Farms Inc. is modernizing and expanding its operations with a $120,000 loan from the Provincial Government.

“In recent years, the province’s aquaculture sector has experienced tremendous growth and given rise to new business development and career opportunities,” said the Honourable Shawn Skinner, Minister of Innovation, Trade and Rural Development. “This growth can be attributed in large part to the development of modern and innovative farming practices that improve product quality and yield. As a government, we are a committed partner to supporting this industry as it continues to grow in competitiveness and productivity.”

The project involves replacing older farming equipment with the newer ‘rope and float’ system, requiring less effort to seed and harvest. Along with the replacement of equipment, other work includes adding mussel collector lines and floats, lengthening existing lines, and anchoring new collector lines in the expansion area. Harvesting the new lines will occur in approximately three years when the first mussels reach full maturity.

“The modifications we are making to the farming equipment ensure that my company can produce shellfish of highest quality that meets market demand,” said Christopher Warren, Owner, Merasheen Mussel Farms. “This project is an important step in helping our company reach its fullest potential. As a result, we are now in a position to increase our mussel harvest to one million pounds by 2011 with prospects of securing year-round buyers.”

Based in Arnold’s Cove, Merasheen Mussel Farms Inc. has operated a blue mussel farm off Merasheen Island in Placentia Bay since 1995. The area is considered one of the best ice-free blue mussel sites in the province.

“I applaud Mr. Warren as he takes important steps in successfully developing his aquaculture farm,” said Calvin Peach, MHA, Bellevue. “His continued success is a shining example of the possibilities that exist for businesses in all regions of the province.”

Funding for the project was available through the Provincial Government’s Shellfish Aquaculture Working Capital Fund (AWCF). The AWCF provides repayable loans to commercial aquaculture businesses as capital for establishing and expanding commercial operations, ensuring the aquaculture industry achieves long-term viability and enhances its competitiveness internationally.

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2010 02 10                        10:30 a.m.