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4CWhite -The first high-precision Computer-Controlled Collarbone Cutter for Whitefish

Sector: Commercial • Location: Iceland

Source: EU Funding & Tenders Portal

Project
Ended

Fish processing companies are continuously seeking innovation to minimize their waste, while ensuring the sustainability of the industry. The global fish processing equipment market will keep growing at 4.11% CAGR during the period 2018-2022 with estimated revenues of more than USD 908 million by 2022. At CURIO, we compete amongst leaders in the manufacturing of fish processing equipment. 4CWhite

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Project Information

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The project “4CWhite -The first high-precision Computer-Controlled Collarbone Cutter for Whitefish” is an infrastructure initiative in the Commercial sector, located in Iceland. Taiyo aggregates data on it from EU Funding & Tenders Portal.

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Description

Description

Fish processing companies are continuously seeking innovation to minimize their waste, while ensuring the sustainability of the industry. The global fish processing equipment market will keep growing at 4.11% CAGR during the period 2018-2022 with estimated revenues of more than USD 908 million by 2022. At CURIO, we compete amongst leaders in the manufacturing of fish processing equipment. 4CWhite is the first computer-controlled machine specialized in collarbone-cutting from headed whitefish. Using 4CWhite, whitefish processors can expect a high-value yield increase of fish meat up to 2% from manual cutting and 8% from adapted heading machines, which can be translated into millions of euros in value. Taking into account raw material and labour savings, a typical 4CWhite customer will regain their investment in 1-2 years. We have planned several activities to ensure a successful commercialization by 2020. Technical objectives include the optimization and development of the '0’ machines, the optimization of the assembly process and the development of pilots in 4 operational environments with fish processing companies to achieve TRL9. Commercial objectives involve CE marking, commercialization agreements and distribution and service agreements. Communication objectives focus on the development of commercial materials, website and newsletters, advertising in publications and presence in trade fairs. By 2023, our SOM will be of EUR 30 million and we will reach 4% in the global market share in the fish processing equipment. 4CWhite will represent 25% of our global revenues, with 4CWhite revenues reaching EUR 10 million. 4CWhite will impact the profitability of the fish processing industry, increasing yield +2% and reducing wastage by 1.5 points compared to manual cutting. Additionally, 4CWhite will reduce the injuries brought by the cutting activities and automate an under-valued job to a more specialized and added-value task.

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