Posts Tagged ‘Mowi’
Sainsbury fish counter decision hits seafood sector
A decision by supermarket giant J Sainsbury to close fresh fish counters at its larger stores around the country will be seen as a blow to salmon and other seafood suppliers. The company yesterday announced a £137 million half year loss and said it was cutting 3,500 jobs through the closure of its fish, meat…
Read MoreMowi Q3 results show high volumes, lower earnings
Mowi Scotland continued to be affected by a series of biological problems during the third quarter of this year, it emerged today – but improvements are on the way. The world’s largest farmed salmon producer has published its Q3 results which show, as expected, it achieved a global EBIT of €80 million, against €148 million…
Read MoreMowi appoints Villaroel as COO, Americas
Mowi has appointed Fernando Villarroel as chief operating officer, farming Americas and also announced an organisational shake-up for its Faroese operation. Mowi Faroes will now come under the group’s COO farming, Scotland and Ireland, Ben Hadfield. Fernando Villarroel was previously managing director of Mowi Chile and has held a variety of executive positions in the…
Read MoreMowi warns of lower Q3 harvest from Scottish operations
Salmon farming giant Mowi is set to report lower third quarter harvests and profits from its Scottish operations. In a trading update, the company said its Farming Scotland division had produced harvest volumes of 16,000 tonnes between July and September, compared with 19,500 tonnes over the same period last year. However, the Q3 output 12…
Read MoreISA confirmed at Mowi site
Infectious Salmon Anaemia (ISA) has now been confirmed at a Mowi site in the northernmost part of Western Norway. Mowi notified the Norwegian Food safety Authority early last month that the company suspected ISA at the farm know as the Bjørlykkestranda site. The suspicion was based on the results of PCR analysis carried out at…
Read MoreSalmon prices on the up?
After weeks in the doldrums, farmed salmon prices may be turning the corner. Fresh and chilled salmon increased by just under five per cent last week to around NOK 50.77 per kg, according to the latest figures from Statistics Norway which closely monitors price trends in the seafood sector. However, while prices for large salmon…
Read MoreISA suspected at large Mowi site
An outbreak of Infectious Salmon Anaemia (ISA) is suspected at a Mowi site in Norway, while another has been confirmed at a Grieg location in the country. The Mowi incident is at a facility in Vanylven municipality in Møre og Romsdal, says the Norwegian Food Safety Authority. The Food Safety Authority said it was notified…
Read MoreMowi drops dividend and reduces headcount
Mowi has unveiled plans to reduce its headcount by ten per cent as Covid-19 continues to take a toll on financial performance. And it is not paying a dividend for the first two quarters of this year. The world’s largest salmon farmer made the announcement as it reported a 2020 second quarter EBIT of 99…
Read MoreDiving In
Ross-shire Diving Services land major Mowi contract When Brian Watson and Fiona Cameron made the decision to leave successful careers in New Zealand to return to Scotland, it was with the vision of setting up a new life with their young family and return to the area where they grew up. Watson began his diving…
Read MoreFish farm auction nets 6 billion kroner
The big Norwegian fish farming permit auction this week netted more than half a billion pounds sterling – or just short of six billion kroner. A total of 30 aquaculture companies paid the record amount and they will share new licenses capable of producing an additional 27,000 tonnes a year. At least NOK two billion…
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