Posts Tagged ‘Salmar’
Top salmon farmer denies price fixing
MANY of Norway’s biggest salmon companies are being sued in the US over alleged price fixing, according to reports yesterday. The move follows raids by European Commission officials in February at the Scottish offices of Norwegian owned producers. Mowi, Leroy, SalMar, and Grieg are among those named in a class-action lawsuit alleging customers were harmed…
Read MoreWhat Iceland can learn from Norway
ICELAND’S annual aquaculture conference, which begins today, has invited a leading Norwegian industry analyst to address delegates. Dag Sletmo, DNB senior vice president and seafood analyst, will speak at the Aqua-Ice event, in Reykjavik today and tomorrow, about lessons learned in Norway. ‘Iceland has a large potential in salmon farming, bigger than Norway relative to…
Read MoreEU raids cost salmon firms millions
ALMOST seven billion kroner (about £625 million) has been wiped off the value of a number of Norwegian salmon farming companies following a series of inspections by EU officials in Scotland and the Netherland last week. The Seafood Index on the Oslo Stock Exchange has taken a huge hit during the last few days, with…
Read MoreSalMar to accelerate Iceland expansion
SALMAR has announced it is to speed up the development of its Icelandic salmon business Arnarlax after it completed securing a majority stake in the company today. The Norwegian salmon farmer has informed the Oslo Stock Exchange that it has proceeded with its plan to purchase 3,268,670 shares in Arnlarlax at a price of NOK…
Read MoreSalMar delivers strong performance
SALMAR today became the latest Norwegian salmon farming company this month to deliver higher profits and earnings on the back of increased prices and strong demand during both the final quarter of 2018 and for the full year. The company announced a fourth quarter operating profit (EBIT) of 934.9 million kroner, up from NOK 707.2…
Read MoreSalMar recruits seafood high flier
ONE of the most experienced players in the international aquaculture sector is to become the new chief finance and chief operating officer of salmon farming giant SalMar, the Norwegian company that owns 50 per cent of Scottish Sea Farms. Trine Sæther Romuld (pictured) will take up her post at the beginning of July. She replaces…
Read MoreSalmon firms moving into white fish
MORE aquaculture companies are predicted to expand into the cod and haddock business over the next year or two, following a major purchase by a Norwegian salmon business trio this week. The consortium was led by Coast Seafood, one of the world’s largest independent salmon and trout sales firms, and joined by Brødrene Karlsen and…
Read MoreIceland farm row firms ASC approved
TWO Icelandic fish farming companies at the centre of a national row, which saw their applications for expansion suddenly withdrawn four months ago, have received Aquaculture Stewardship Council environmental certification for their production techniques. Both SalMar backed Arnarlax and Arctic Sea Farms received the green light from Iceland’s Food Administration last year to expand their…
Read MoreSalMar to go ahead with ‘smart’ farm
THE Norwegian salmon farming giant SalMar is to press ahead with its ambitious open sea development project despite a partial rejection of its application for 16 licences. The Fisheries Directorate tuned down around half of the licence applications by SalMar and its subsidiary, the advanced marine technology company Mariculture, just before the festive break. Now…
Read MoreStrong Q3 results from SalMar
THE fast growing Norwegian fish farmer SalMar delivered a strong performance in the third quarter of 2018, driven by cost improvements and good prices. The operational EBIT for the quarter totalled NOK 939.1 million, up from NOK 801.3 million in the same period last year. The group harvested a total of 36,100 tonnes in the…
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