Brief: Salmon Evolution Launches North America Expansion

Salmon Evolution ASA

08/06/2022 07:49

June 8 (Reuters) - Salmon Evolution ASA  SALME.OL :
    * LAUNCHES NORTH AMERICA EXPANSION AND INCREASES LONG TERM
PRODUCTION TARGET TO 100,000 TONNES
    * AIM IS TO EXPAND FARMING OPERATIONS INTO NORTH AMERICA AND
RAISE
PRODUCTION CAPACITY TARGET TO 100,000 TONNES HOG BY 2032
    * IT IS EXPECTED THAT PRE-CONSTRUCTION PHASE INCLUDING
REGULATORY
APPROVAL PROCESSES WILL TAKE 2-3 YEARS, ALLOWING FOR
CONSTRUCTION START DURING 2025
    * PLAN IS TO BUILD A FULL SCALE 31,500 TONNES HOG "INDRE
HARØY"
FACILITY, DRAWING ON EXPERIENCES LEARNED IN BOTH NORWAY AND
KOREA
    * WILL ESTABLISH A US CORPORATE STRUCTURE UNDER ITS FULL
OWNERSHIP

Source text for Eikon:  ID:nWkr9QXxBY 
Further company coverage:  SALME.OL 

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