Russian Aquaculture acquires new production site in Norway
The company said that this facility utilizes a flow-through system and can produce up to 2 million Atlantic salmon and trout smolt annually.
Russian Aquaculture expects to receive the first shipment of smolt from the facility in 2018.
The production facility has operated since 1995 and has been one of the main suppliers of Russian Aquaculture for years.
Russian Aquaculture said that it views this acquisition as an important step towards building an efficient vertically integrated holding and achieving its strategic goal of producing up to 25-30 thousand tons of redfish by 2025, and it also will enable it to gain significant experience in the smolt farming business, which may be further utilized in the construction of a smolt plant in Russia.
“In a relatively short period of time, we have made two important steps towards securing the stable supply with our own smolt. I am confident that this investment will strengthen our market position as well as decrease operating costs and biological risks. We are very happy to have acquired this first-class asset, and welcome the opportunity to work together with Norwegian colleagues who are among our longest-standing partners,” Ilya Sosnov, CEO of Russian Aquaculture, said.
Earlier this year, Russian Aquaculture also acquired Villa Smolt and now it has its own smolt to cover a material part of its supply needs, significantly reducing operating costs and biological risks.
Photo Source: Flickr/Norsk Havbrukssenter
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