Aker BioMarine Signs Agreement to Bring Krill Oil to China

In the five year agreement, Aker BioMarine will be the exclusive supplier of krill products to the customer. The customer will launch Superba Krill into several channels in the Chinese market.

3/24/2011 --- Aker BioMarine has signed a major agreement with a Chinese manufacturer of dietary supplements with strong distribution capabilities in China. In the five year agreement, Aker BioMarine will be the exclusive supplier of krill products to the customer. The customer will launch Superba Krill into several channels in the Chinese market.

The customer has committed to purchase minimum 230 tons of Superba Krill over the five year contract. This volume is likely to ramp up over time.

“This is a breakthrough for us in Asia, and particularly in China. We now get a strong partner with local presence and knowledge, broad reach and resources to build the Superba Krill market in China says Matts Johansen, Executive Vice President, Aker BioMarine.

Delivery to the customer will start as soon as they obtain import license. The agreement follows Aker BioMarine`s systematic work towards the Asian market over the last year.