Turkish sea bass and sea bream producer Ilknak Aquaculture -- a supplier to Tesco and Morrisons in the United Kingdom -- is plowing a total of €3 million ($3.4 million) into a new processing plant near Izmir, Georgios Meletiadis, general manager at the firm, told IntraFish.

The company, which reported a turnover of €27.3 million ($30.5 million) last year, recently bought a plot of land and "will start construction soon."