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Last Trade - 07/05/21

Sector
Consumer Defensives
Size
Large Cap
Market Cap £3.61bn
Enterprise Value £3.88bn
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Position in Universe 161st / 1836

Nordic Aquafarms plans land-based salmon farm in U.S. state of Maine

Tue 30th January, 2018 4:12pm
OSLO, Jan 30 (Reuters) -     
    ** Norway's privately held Nordic Aquafarms (NAF) has 
entered into agreements for a property in the U.S. state of 
Maine where it plans to develop a large land-based salmon farm 
    ** NAF plans an initial capacity of 13,000 tonnes per year 
and to gradually raise this to 33,000 tonnes per year (66 
million pounds), equal to approximately 8 percent of U.S. 
consumption of salmon 
    ** The project will involve all-in investments between $450 
million to $500 million by the time it is complete 
    ** The first phase will involve investments of up to $150 
million 
    ** The facility will be an end-to-end operation, including 
hatcheries and fish processing 
    ** The agreements are for a 40 acres property in the 
outskirts of the town of Belfast, which has approximately 7,000 
residents 
    ** NAF will now proceed with final due diligence, planning 
and permitting for the facility. Construction start is planned 
in 2019 
 
 (Reporting by Ole Petter Skonnord, editing by Terje Solsvik) 
 ((olepetter.skonnord@thomsonreuters.com; 0047 23 31 65 97;)) 
 
Keywords: USA SALMON/NORDICAQUAFARMS
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