Egg project blow as builder ceases trading
Herde Kompositt, the company which built the innovative Eggett (“Egg”) closed containment fish farm, has closed down.
Around 63 staff are being laid off in Norway where the business is based. They were told the bleak news around lunchtime on Friday.
The regional newspaper Bergens Tidende said the main reason was a lack of orders for the Eggett and a decline in orders for other construction projects.
Unless a rescuer comes in, the news will be a blow for companies investing in new ideas and construction projects.
Herde Kompositt, which became part of the Ovum group in 2023, was expecting more orders for the Eggett last year but they failed to materialise.
Mowi was one of the early supporters before selling its investment, and former Manchester United player and manager Ole Gunnar Solskjær was a later investor in the business.
The company’s chairman and Egg founder Cato Lyngøy, said it was a sad and difficult day for the business.
He told Bergens Tidende that failing results and a demanding financial situation were responsible for the crisis.
“It was very difficult to convey the message to the employees who are now facing a tough everyday life, he added.
Standing 44 metres tall and 31 metres wide, the Eggett was an exciting experimental project in advance of much larger “Eggs” being built.
So called for its distinctive shape, the facility is designed to keep out lice and salmon related infections. A water intake is located at the bottom of the unit at a depth where the salmon lice do not normally survive.
Due to the level-separated intake and outflow of water from pen to pen, infection pressures are significantly reduced.
Ovum says the design, water flow and stable environment inside the egg support fish welfare and performance while the closed containment and feeding regimes enable more accurate feeding without loss of uneaten feed. The facility dramatically reduces the risk of escapes, the company adds.
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