Posts Tagged ‘Grieg’
BAADER wins contract for Grieg’s new seafood centre
Seafood processing specialist BAADER has won a major contract to fit Grieg’s new seafood centre with a state-of-the-art filleting system. The deal was announced today at the trade show Seafood Expo Global/Seafood Processing Global in Barcelona.
Read MoreBrighter Q1 results from Grieg Seafood and Salmon Evolution
Two Norwegian salmon companies, Grieg Seafood and Salmon Evolution, have published encouraging 2024 first quarter trading updates. The Grieg output is up by more than 30% on a year ago and totals approximately 21,000 tonnes against 15,350 tonnes 12 months ago. The main reason for the improvement is that British Columbia is now back in…
Read MoreGrieg outlines plans for airport processing centre
Grieg Seafood is answering the call to process more salmon in Norway with a new processing facility near the capital, Oslo. The NOK 130m (£10m) centre (impression shown above) will be close to Gardermoen, Oslo’s main airport. The development is part of the company’s strategy to increase value creation and process more of its own…
Read MoreGrieg pioneer dies aged 91
Per Grieg (pictured), the former head of the Grieg Group, which includes the Grieg fish farming business, has died just short of his 92nd birthday. He was not only one of Norway’s great business personalities, but also a major supporter of good causes at home and overseas. Grieg Seafood today is one of Norway’s leading…
Read MoreGrieg Q3 costs rise and harvests drop
Grieg Seafoods today reported a greatly reduced 2023 third quarter harvest and considerably higher production costs. In one case costs soared way above NOK 80 a kilo (£6). The company has also been hit by various biological issues in Norway. The three month July to September period harvest (gutted weight) was almost cut in half…
Read MoreGrieg raises cash for green investment
Grieg Seafood has successfully extended a large unsecured green bond from NOK 1 billion to NOK 1.5 billion (£127 million). The company told the Oslo Stock Exchange the additional NOK 500 billion (£42.5 million) will be used to finance environmental related projects. The issue will mature in June 2025. Grieg says sustainable farming practices are…
Read MoreGrieg could raise up to £125m from Shetland sale, analysts say
The sale of Grieg Shetland could net the parent company up to £125 million, analysts in Oslo are predicting. They put the price on Grieg Seafood’s Scottish operations at between a billion and 1.5 billion kroner – and possibly more if there is a bidding war. Danske Bank Markets analyst Ivar Bakken said Norskott Havbruk…
Read MoreGreen bonds can solve feed dilemma, report says
Green (or blue) finance could help fish farmers make the transition from fish-based feed to more sustainable alternatives, according to a report from not-for-profit think tank Planet Tracker. Feed represents the aquaculture sector’s biggest operational cost, and it is also one of the sector’s most pressing sustainability issues, with concerns that the traditional sources of…
Read MoreGrieg set to quit Shetland
Grieg Seafood is set to pull out of Shetland, the company said in a shock announcement today. Publishing its third quarter results, in which it announced a loss, the company confirmed a decision announced in September that it was closing its operations on the Isle of Skye. Then it dropped the bombshell that the company…
Read MoreFour fish farmers recognised in latest global sustainability index top 10
Four companies in the aquaculture sector have made it to the top 10 of an independent global index of sustainable food producers. The Coller FAIRR Protein Producer Index is based on an analysis of 60 of the world’s largest animal protein producers, ranking them on a number of factors including greenhouse gas emissions, water use,…
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