SalMar putting €100Mn in smolt sites

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In September last year, the foundation had been laid for SalMar’s smolt nursery at Follafoss in central Norway. The facility will cost NOK 300 million (EUR 31.5 million).

In June, Phase 2 of the project starts up with parts of the old facility are torn down and replaced anew.

“The second phase will be ready to produce in 2019. The price tag will be around NOK 150 million (EUR 15.5 million), SalMar’s Follafoss production boss, Ivan Alstad, told newspaper Adressa.

In May last year, SalMar opened its second-largest nursery at Gjovik in northern Norway. That cost NOK 600 million (EUR 62.1 million).

“In all at our two largest smolt nurseries there will over the next few years be invested a billion kroner (EUR 103.5 million),” said the company’s chief financial officer, Trond Tuvstein, adding, “Aquaculture has become very capital-intensive.”

“Good fish health is decisive for us. That’s why the start-up at these nurseries is so important,” he said.

Tuvstein made it known that SalMar is looking to be an integrated grower with ownership of the value chain from roe to processing.