In a press release on the Oslo Stock Exchange, Grieg Seafood writes that it has been granted five new farming licenses in Newfoundland, Canada, reaching eight licenses in the region, corresponding to a total production capacity of up to 30 000 tonnes of the annual harvest.
The allocation is part of the previously communicated plan for the development of the Placentia Bay operations, the salmon farmer wrote.
“This is another important milestone on our journey of sustainable growth. With these five new licenses we have come one step further in the development of a new farming region in Newfoundland. With close proximity to the important US East Coast market, the Newfoundland farming operations is core to our 2025 strategy. Here, we aim for global growth, cost leadership in the regions where we operate and value chain repositioning, evolving from a supplier to an innovative partner for selected customers in the US and European markets,” said Andreas Kvame, CEO of Grieg Seafood.
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