Nordlaks set to resume shelved investment projects

Nordlaks, Norway’s largest privately owned salmon farmer, is resuming a major investment programme it cancelled following the announcement of the salmon tax 18 months ago. Plans for a new slaughterhouse, filleting department and offices at Børøya in Stokmarknes were among several aquaculture projects put on hold in the autumn of 2022 by the industry. Tomas…

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Fire destroys large processing plant in Chile

A large salmon processing plant in southern Chile has been severely damaged by fire. The site, near the city of Punta Arenas, employs several hundred people and belongs to Entrevientos, which is owned in turn by the aquaculture companies Blumar and Multiexport Foods, also known as Multi X. Large flames followed by a huge pall…

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Lerøy outlines action over listeria issues

The Lerøy Seafood Group has issued a statement outlining how it plans to combat the company’s recent listeria problems. The issue appears to centre around a slaughterhouse at Lerøy Midt from where a number of cases have been reported. In December it was reported that Lerøy’s salmon and game supply business, Laks & Vilt (Salmon…

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Sykes Seafood sales soar, but inflation eats into profits

Sykes Seafood has reported a £100m plus rise in turnover in the last financial year. But inflation meant that profits fell sharply for the UK-based company during the period ended 1 April 2023, Based in Warrington, Cheshire, Sykes is now one of the UK’s largest seafood companies, supplying a wide range of farmed and wild…

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Hilton says seafood turnaround contributed to revenue growth

A strong performance by its UK seafood subsidiary contributed to a successful 2023, according to multinational producer Hilton Food Group. In its trading update for the 52 weeks ending 31 December 2023, Hilton said it expects to report revenue for the year in line with the board’s expectations. Hilton also said: “Trading during the key…

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Lerøy products in second listeria scare

The Lerøy Seafood Company has been hit by two listeria scares involving salmon products, with outbreaks in Norway and Sweden. In the most recent, Lerøy’s salmon and game supply arm Laks & Vilt (Salmon & Game) in Oslo is withdrawing a batch of salmon gravlax with a latest consumption date of 8 December. The reason…

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Arctic Fish opens new slaughterhouse

Arctic Fish’s new slaughterhouse in the north-west of Iceland opened last week in a ceremony watched by a crowd of more than 500 people. The Mayor of Bolungarvik, Jón Páll Hreinsson described the facility which is based near Drimla as “world-class”. He told the regional website bb.is it was one of the biggest investments in business…

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Young’s profits hit by inflation

Inflation took a big chunk out of the profits of Young’s Seafood last year, the company’s latest accounts show. Turnover increased substantially during the 52 week period ended 27 March 2023, with Young’s recording £625.9m, compared with £552m for the equivalent period in 2022 (although the latter covered just 51 weeks). Profit after tax, however, was just £4.7m against…

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Marel rejects US takeover attempt

Icelandic seafood and food equipment manufacturer Marel has rejected takeover overtures from the US business John Bean Technologies (JBT). The Chicago-based company had offered to buy Marel for around US $2.6 billion (about £2bn) – or around $3.40 per share (£2.68). The Marel board has not ruled out accepting a better offer in future, however.…

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Bakkafrost lays off 140 processing staff

Bakkafrost is laying off 140 factory processing staff in the Faroe Islands, blaming the local tax regime and changing business conditions for the decision. According to the radio station Kvf.fo, a church minister and a psychologist were present when the redundancies were announced at the company’s Glyvrar headquarters. Kvf said the atmosphere in the room…

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