Posts Tagged ‘Mowi’
Mowi Scotland battling back against severe biological issues
Mowi Scotland continued to be plagued by biological problems during the final quarter of 2023, company figures show today. Challenges were unusually intense, with a high level of amoebic gill disease (AGD) which the company said was linked to the El Niño cyclical climate phenomenon and all-time high seawater temperatures. Jellyfish had also contributed to…
Read MoreMowi CEO hails record revenues for end of 2023
Mowi achieved all-time high revenues of €1.43bn (£1.28 bn) in the fourth quarter of 2023 – against €1.36bn (£1.16bn) in the corresponding quarter of 2022. The Q4 report said the period concluded another record-breaking year for Mowi. Mowi shareholders will receive a total dividend payout of NOK 983m (around £73.4m) – or NOK 1.90 per share. Revenues…
Read MoreTrial for new consenting process gets underway
Scottish Sea Farms is the first of two salmon producers to submit a planning notification to help trial a new, improved process for farm consents. Scottish Sea Farms will be applying to merge four of its Shetland sites into one, while Mowi will be making an application to the Highland Council. The trial follows the…
Read MoreSalmon’s ‘big six’ to challenge EU price fixing claims
Norway’s “big six” salmon companies have all strongly denied an accusation of price collusion made by the European Commission. The Commission claimed yesterday that the companies broke competition rules by sharing information on prices and salmon volumes. It has sent what is known a statement of objection, also known as an SO, to each of…
Read MoreBREAKING – Norway’s salmon ‘big six’ did violate rules, says EU
The European Commission believes that six leading Norwegian salmon producers breached EU anti-trust rules by colluding to distort competition in the market for spot sales of Norwegian farmed Atlantic salmon in the EU. The Commission has advised the producers concerned that this is its “preliminary” view. The companies named are Mowi, SalMar, Grieg Seafood, Bremnes Seashore,…
Read MoreMowi Scotland’s Q4 harvest unchanged at 10,500 tonnes
Mowi Scotland harvested 10,500 tonnes of salmon in the final quarter of 2023. The figure was unchanged from the equivalent quarter the year before but the operation produced a loss, a trading update from the company today shows. Globally, Mowi – the world’s largest salmon farmer – produced 129,000 tonnes during the period and a…
Read MoreMowi Scotland revenues up, but profits down
Mowi Scotland has reported a 3.74% rise in turnover to £443.3m last year – but it also saw a large drop in profits. The latest accounts for the Scottish arm of the world’s largest farmed salmon producer for 2022 have just been published. The operating profit was £27m against £54m in 2021 and the profit…
Read MoreIcelandic salmon company makes two new key appointments
Icelandic salmon farmer Arctic Fish has made two new key appointments. The Mowi-owned company has named John Gunnar Grindskar as its new Chief Operating Officer and Baldur Smári Einarsson as its new Financial Director. John Grindskar, who joins from Mowi in Norway, takes up his post in the next few days, while Baldur Einarson, who has been…
Read MorePancreatic disease reported at Mowi farms
Pancreatic disease has been detected at two Mowi salmon sites in the north of Norway, and confirmed by the Norwegian Food Safety Authority. Mowi will be required to empty the facilities quickly in order to avoid a spread of the infection. Pancreatic disease (PD) is regarded as a highly contagious disease that leads to poor…
Read MoreBakkafrost threatens activist with legal action
Bakkafrost Scotland looks set to be the third salmon company in quick succession to take legal action against anti-fish farming activist Don Staniford. The company has sent a warning to the campaigner, via its solicitors Shepherd & Wedderburn, requesting that he stops trespassing on its sites and taking clandestine video footage. The letter states: “Your…
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