SalMar explained

SalMar ASA
Type:Allmennaksjeselskap
Location City:Frøya
Location Country:Norway
Area Served:Norway
Key People:Olav-Andreas Ervik (President & CEO), Trond Tuvstein (Chief Financial Officer), Gustav Witzøe (Director of Strategic Projects)
Industry:Fish farming
Homepage:www.salmar.no

SalMar ASA is a Norwegian fish farm company and one of the world's largest producers of farmed salmon. The company's main activities include marine-phase farming, broodfish and smolt production, processing and sale of farmed salmon. It holds 100 licenses for production of Atlantic salmon in Norway, located in Trøndelag, Nordmøre and, through its subsidiary Senja Sjøfarm AS, Troms. It also owns 50% of Norskott Havbruk which operates fish farms as Scottish Sea Farms.[1] The company is based in Frøya and is listed on the Oslo Stock Exchange since 2007.[2] The company was founded in 1991,[3] its main shareholder is today the founder's son Gustav Magnar Witzøe.

SalMar sells farmed salmon across Asia, the United States, Canada, the Russian Federation and Norway.

Offshore fish farming

SalMar created an offshore fish farm pilot project called Ocean Farm 1. This farm has operated off the coast of Frøya since 2017. It was towed back to a shipyard in 2022 for some improvements and repairs then returned to its original location. [4] It uses a structure 69 meters tall & 110 meters in diameter with a volume of 250,000 cubic meters to produce around 6000 tonnes a year of salmon.[5] [6]

The company plans a Smart Fish Farm with a larger 22.7 tonne per year production capacity.[7]

External links

Notes and References

  1. Web site: SalMar ASA, SALM:OSL profile - FT.com. markets.ft.com. en-us. 2018-04-10.
  2. Web site: Welcome to SalMar ASA . SalMar . 2008-11-01 . dead . https://web.archive.org/web/20080912075349/http://www.salmar.no/main.asp?parentID=792&menuID=792&lang=en . September 12, 2008 .
  3. Web site: History . SalMar . 2008-11-01 . dead . https://web.archive.org/web/20070625150348/http://www.salmar.no/main.asp?parentID=792&menuID=1163 . June 25, 2007 .
  4. Web site: OFFSHORE FISH FARMING A new era in fish farming is on its way. SalMar. May 21, 2023.
  5. Web site: Ocean Farm 1 towed to shipyard for improvements. April 26, 2022. May 21, 2023.
  6. Web site: SalMar says Ocean Farm has been a success. March 2, 2021. May 21, 2023.
  7. Web site: Norwegians team up in a bid for international offshore aquaculture expansion. August 26, 2021.