Havsbrún, a 100% owned subsidiary of Bakkafrost, has
decided to participate with a 30% ownership in a new
pelagic factory for human consumption production. The
factory will be located next to Havsbrún's fish meal,
oil and feed production unit in Fuglafjørður in the
Faroe Islands.
Regin Jacobsen CEO: " This is a strategic investment
for Bakkafrost, to secure long term access to marine
raw material for our production salmon feed. Our
salmon is well known in the high-end market, for its
significant content of marine raw material and omega
3. To secure this property of our products in the
future, we have decided to participate in this
project. Bakkafrost will not participate in the
operation of the factory".
Havsbrún's share of the investment is DKK 16-20
million. The total investment in the factory is
estimated to around DKK 200 million. The factory will
have a total freezing capacity of 600 tonnes pr. day.
In addition to freeze whole fish, the factory will be
able to produce fillet and head of products. Off cuts
and downgraded fish from pelagic production factories
is usually a relative large part of the total intake
of raw material. The plan is that the factory will
commence operation during the summer 2014.
The other owners in the company are the pelagic
shipping companies Sp/F Framherji and P/F Palli hjá
Mariannu.
Contacts:
Regin Jacobsen, CEO of P/F Bakkafrost: +298 23 50 01
(mobile)
Teitur Samuelsen, CFO of P/F Bakkafrost: +298 23 51 11
(mobile)
This information is subject of the disclosure
requirements acc. to §5-12 vphl (Norwegian Securities
Trading Act)
About Bakkafrost:
Bakkafrost is the largest salmon farmer in the Faroe
Islands. The Group is fully integrated from feed
production to smolt, farming, VAP and sales. The Group
has production of fish meal, fish oil and salmon feed
in Fuglafjørður. The Group operates licenses on 14
farming fjords. The Group has primary processing in
Klaksvík, Kollafjørð and Strendur and secondary
processing (VAP) in Glyvrar and Fuglafjørður. The
headquarters are located in Glyvrar, and the company
has a total of 590 employees.
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