Icelandic Salmon increases smolt capacity with two new facilities

News
0

Purchase agreements signed.

In a statement on the Oslo Stock Exchange, Arnarlax, a fully owned subsidiary of Icelandic Salmon, writes that it has signed purchase agreements for two smolt/post-smolt facilities at Hallkelshólar and in Þorlákshöfn.

The two facilities allow for production of up to 800.000 smolts in 2022 and 1,5 million smolts total output from 2023 onwards. Following the expected license conversion to salmon smolt production, the estimated increase in total harvest volume should be about 7.000 tonnes, based on the output from the two acquired facilities.

Arnarlax CEO Björn Hembre. PHOTO: Arnarlax

Average weight of the smolts in 2023 is expected to be 250g, allowing Iceland’s largest salmon farmer to better utilise the current license capacity and prepare for possible license increases to come.

“With this Icelandic Salmon reinforces it´s fully vertically integrated value chain. The two acquisitions give us an important capacity increase for smolt production, as well as the ability to produce larger smolt. This will further strengthen the foundation for Icelandic Salmon’s ambitious future sustainable growth targets,” said CEO Björn Hembre.