Blumar, CL0001924548

Blumar filed USD 20 million expansion: what 2,783 tonnes meant for Blumar stock

Published on 10/25/2026 at 02:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Blumar filed a USD 20 million Puyehue plan on October 15, 2026. Blumar stock targeted 2,783 tonnes from 650 in January 2029.

Puyehue expansion timeline

Blumar filed the USD 20 million project on October 15, 2026.
The proposal lifted annual smolt capacity from 650 to 2,783 tonnes.
Construction was scheduled for January 2028, with operations planned for January 2029.

Blumar, CL0001924548, Illustration mit AI erstellt.

Blumar (CL0001924548) filed a USD 20 million expansion proposal for its Puyehue hatchery on October 15, 2026. The project would raise annual smolt capacity from 650 to 2,783 tonnes, according to Infosalmon.

Expansion adds production control

The proposal covered new incubation and early-rearing rooms, larger smoltification tanks and recirculating-water systems. The company submitted the environmental declaration to Chile's Environmental Assessment Service on October 15, 2026, and the project was in the admission stage.

The planned increase would be more than four times the hatchery's authorized capacity. The site would remain within the existing 5.77-hectare property, while the expanded facility would include 68 new smoltification tanks, giving the investment a defined operational footprint.

What did 2,783 tonnes change?

The larger water-farming platform would give Blumar more internal supply of juvenile salmon before transfer to marine grow-out sites. That matters because the company's business combines fishing and aquaculture, with salmon and trout farming alongside fish-meal and fish-oil production, as MarketWatch describes.

Three milestones frame the plan

On September 2, 2026, related parties transferred 1,239,683 Blumar shares outside the exchange, according to BolsaChile. On October 15, 2026, regional authorities visited Blumar's Estero Riquelme farming center in Magallanes, an event reported by Infosalmon. The Puyehue expansion proposal followed on October 15, 2026, with its 2,783-tonne annual target.

When would construction begin?

The environmental filing set January 2028 as the expected construction start and January 2029 as the planned start of production. Construction was projected to require an average of 50 workers, while the operating facility was expected to support up to 75 direct and indirect jobs.

Project keeps a long timetable

The proposal was still in environmental review, so its value for Blumar depends on approval and execution over several years. The 5.77-hectare footprint and 20,013 cubic meters of planned useful capacity show that the project was designed as a material expansion of the existing hatchery.