Marine Harvest’s failure to secure fellow salmon
farming group Cermaq will see the company look to other expansion
options in farming in Norway and Chile.
In a stock exchange release, Marine Harvest outlined its
plans following the collapse of its attempt to buy Cermaq and the sale
of the remaining shares it had acquired in the group, in which the Norwegian government is now upping its stake.
“Marine Harvest will, in line with what we have communicated earlier,
focus its resources on the development of green field feed capacity in
Norway, expansion within Norwegian and Chilean farming as well as the
forthcoming integration of Morpol,” said Marine Harvest.
The combination of salmon processor and farmer Morpol with Cermaq and Marine Harvest was part of the company’s plan to create a leader in salmon feed, processing and farming.
Marine Harvest is also in the process of building a 220,000 metric ton salmon feed facility in Bjugn, Norway, at an estimated cost of NOK 800m and with production scheduled for 2014.
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| Oncorhynchus gorbuscha (Photo credit: Wikipedia) |
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