Bakkafrost’s ‘clever way’ to create 40% growth
THE Faroe Islands’ biggest salmon farmer, Bakkafrost, expects volume growth of 40 per cent over the next four years, CEO Regin Jacobsen said today. The increase of 22,000 tonnes, to […] Continue Reading
Faroese farmer focuses on sustainability
INVESTMENT, sustainability and ever increasing efficiency – these are among the priorities spelt out by Bakkafrost chairman Runi M. Hansen as the Faroese salmon farming company prepares to meet growing […] Continue Reading
Bigger smolts to drive Bakkafrost growth
THE Faroese fish farmer Bakkafrost has outlined two important developments in its annual sustainability and financial reports, published yesterday. First, there will be a significant increase in the number, and […] Continue Reading
Bakkafrost hit by ‘difficult conditions’
THE Faroese salmon farming company Bakkafrost today announced lower than expected results for the final quarter of 2018, blaming ‘difficult market conditions’. Total operating income before interest and tax (EBIT) […] Continue Reading
Faroese salmon exports down, cod up
EXPORTS of farmed salmon from the Faroe Islands have shown a significant decline during the first eight months of this year. Recent figures show that salmon sales – the islands’ […] Continue Reading
Bakkafrost upbeat despite higher costs
INCREASED costs involved in dealing with a high number of fish deaths from poisonous algae in September and lower salmon prices during the summer have impacted on Bakkafrost’s 2018 third […] Continue Reading
Bakkafrost seeks cause of 750,000 dead fish
BAKKAFROST last night reported the death of hundreds of thousands of fish at one of its salmon farming sites on the Faroe Islands, with the precise cause still unknown. However, […] Continue Reading
Bakkafrost invests £360m in future
BAKKAFROST, the big Faroese salmon farming company, today unveiled plans to invest at least three billion Danish kroners (about £360 million) in its operations over the next five years. The […] Continue Reading
Bakkafrost plans new biogas plant
BAKKAFROST, the largest salmon farming company in the Faroe Islands, has announced plans to invest in a new biogas plant, working in collaboration with other Faroese fish farmers and local […] Continue Reading