Markets Archive
Waste specialist LiftUP joins Framo
LiftUP, which produces systems for the removal of sludge and morts from fish farming cages, has become part of pump manufacturer Framo following its acquisition by Framo’s parent company. Both companies are based in Norway and serve the aquaculture sector. Framo AS is itself part of the international Alfa Laval Group. Framo’s head office is…
Read MoreNTS preparing to become salmon giant
NTS is poised to become one of the world’s top 10 salmon farming companies if Norway Royal Salmon and SalmoNor come together, it has emerged.. By combining their operations they have the potential to produce at least 100,000 tonnes in Norway plus a further 24,000 tonnes in Iceland through Arctic Fish. It is thought this…
Read MoreHøstlund to step down at Norway Royal Salmon
Charles Høstlund has resigned as CEO of Norway Royal Salmon, just a few weeks after the company was taken over by the integrated seafood business NTS. His replacement is Klaus Hatlebrekke, currently executive vice president of Business Development at the company, who takes over in an interim capacity. The company said in a statement: “As the company…
Read MoreAKVA signs up for new RAS farm in Maryland
A US $150m contract to build a large land based salmon farm on the United States east coast was signed yesterday. The deal is between the aquaculture technology company AKVA Group ASA, which will build the facility, and AquaCon AS a business comprising people with an in-depth knowledge of the salmon industry with a focus…
Read MoreSalMar chief buys into German seafood business
SalMar’s President and CEO Gustav Witzøe is continuing his expansion plans by buying into a German seafood business – one that deals in wild caught fish as well as the farmed variety. He used his investment company Kverva Industrier AS to acquire a 45% stake in Lübbert GmbH & Co, based in Bremerhaven. Lübbert said: “With Kverva…
Read MoreMowi secures €1.8bn for sustainability investment
Fish farm giant Mowi has sealed a major “green” credit facility giving it access to loans totalling €1.8 billion (£1.54bn). The company said the new arrangement is linked to its sustainability targets and will last for five years. The arrangement is with a number of banks including agreement with DNB Bank ASA, Nordea Bank Abp,…
Read MoreAtlantic Sapphire expected to focus on Florida
Land-based salmon farmer Atlantic Sapphire is circling the wagons around its Florida operation, following a major fire two days ago which all but destroyed its Danish land farm. Investors believe the likely insurance settlement of around US $33m will be ploughed into its new land farm project now under construction near Miami, thus avoiding the…
Read MoreFire devastates Atlantic Sapphire’s Danish farm
A serious fire has broken out at Atlantic Sapphire’s Danish land-based salmon farm site, causing considerable damage. The company said in a Stock Exchange announcement last night that all employees safely managed to leave the building without injury. However, it is thought that the fish tanks inside the Hvide Sande building in Denmark were badly…
Read MoreBakkafrost plans to ‘transform’ its Scottish business
Bakkafrost today announced a significant sustainable plan to increase output of its premium salmon by more than 40% over the next five years. The programme includes: 40% sustainable growth over the period Significant investment programme in Scotland to transform operations through innovative RAS technology DKK 6.2 bn total investment programme (£775m) between 2022 and 2026…
Read MoreAker Biomarine issues profit warning
Shares in the biotech innovator and krill harvester Aker Biomarine dropped by more than 8% after the company issued a profits warning. The company, which went public last year, said krill catches so far this year have been lower than expected, due to challenging ice conditions in the Antarctica region where it operates, and this…
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