Norwegian feed transport group Eidsvaag saw its revenue climb 86 percent in 2019 to reach NOK 465 million (€43.1 million/$48.7 million), however earnings for the company were not so pretty as a result of a “tough investment program."
The large increase in sales is attributed to the company’s tie-up with feed giants Skretting and Cargill’s new feed transport cooperative, Fjordfrende.
The partnership saw Eidsvaag take over the logistics for Cargill in Norway, a service it was already conducting for Skretting.
