Posts Tagged ‘Arnarlax’
Expansion go-ahead for two Icelandic salmon companies
TWO major Icelandic salmon farming companies have been granted licences to produce an extra 18,000 tonnes of fish. MAST, Iceland’s veterinary authority, has given Arnarlax the go-ahead to farm an additional 10,000 tonnes of sterile salmon in the Isafjord area, in the north-west of the country. It has also awarded Arctic Sea Farm a new…
Read MoreArnarlax received BRC AA plus grade
The Icelandic salmon farming company Arnarlax has received an AA plus grade in the all important BRC (British Retail Consortium) certification. The certification is recognised by supermarkets and large organisations as proof that high food safety standards are in place and that a food company is safe to supply. BRC certification is also approved by the…
Read MoreArnarlax owner faces high lice bill
A recent serious salmon lice infestation could cost the Icelandic Salmon company (also known as Arnarlax) up to £5m, the business has reported. Last month Icelandic Salmon decided to take out significant volumes of fish from Tálknafjörður in the Westfjords region of Iceland. Icelandic Salmon, which is owned by Norway’s SalMar, said: “This will have…
Read More€100m growth related loan facility secured for Arnarlax
Icelandic Salmon has successfully secured a sustainably linked €100m (£87m) bank facility through its subsidiary Arnarlax. Chief financial officer Jónas Heiðar Birgisson said the facility will support the company’s growth strategy and enhance operational flexibility. It is also aimed at refinancing existing loans. The arrangement was carried out in collaboration with DNB, Danske Bank, and…
Read MoreLice infestation forces Iceland slaughter
Thousands of salmon in western Iceland have been prematurely slaughtered due to high lice numbers. The worst hit area is around Tálknafjördur in the southern Westfjord region. MAST, the Icelandic Veterinary Institute, reported two weeks ago that lice infestation in the area had increased to unprecedented levels and ordered special measures to be taken. Iceland’s main…
Read MoreArnarlax goes public and changes name
AFTER more than a decade as Arnarlax, Iceland’s largest salmon farming company, is changing its name to Icelandic Salmon AS. It is thought the new name, which will apply to its Norwegian holding company, will give it a clearer identity. But a more important development is a decision, backed by its main investor SalMar, to…
Read MoreIceland wild salmon threat \’negligible\’
PLANS to breed up to 10,000 tonnes of salmon on Iceland’s west coast would have an ‘insignificant’ impact on wild salmon or general marine life, an official report has concluded. The findings will be seen as a boost for the country’s growing aquaculture sector and a strong riposte to its environmental lobby which frequently opposes…
Read MoreIceland wild salmon threat \’negligible\’
PLANS to breed up to 10,000 tonnes of salmon on Iceland’s west coast would have an ‘insignificant’ impact on wild salmon or general marine life, an official report has concluded. The findings will be seen as a boost for the country’s growing aquaculture sector and a strong riposte to its environmental lobby which frequently opposes…
Read MoreIceland salmon farmer ends year on positive note
THE Icelandic salmon farmer Arnarlax, which lost stock worth £2.5 million in severe storms two weeks ago, has posted significantly increased harvests and profits for the final quarter of 2019. The company, in which Norway’s SalMar has a majority stake, made an operational EBIT of NOK 27 million. This was up from NOK 21.9 million…
Read MoreSalMar reports gradual upturn at Scottish Sea Farms
BIOLOGICAL issues at Scottish Sea Farms are continuing to impact on SalMar’s financial performance, 2019 fourth quarter figures from the Norwegian salmon farming giant show. However, there are signs of improvement. The company has a 50 per cent stake in its UK operation, which it calls Norskott Havbruk and shares with the Lerøy Seafood Group. SSF…
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