SalMar

Norwegian fish farm company

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SalMar ASA

Company type| Allmennaksjeselskap

Traded as

| OSE: SALM
Industry| Fish farming
Founded| 1991
8 February 1991
Headquarters|

Frøya Municipality

Norway

Area served

| Norway

Key people

| Olav-Andreas Ervik (President & CEO), Trond Tuvstein (Chief Financial Officer), Gustav Witzøe (Director of Strategic Projects)

Number of employees

| 1,500
Website| www.salmar.no

SalMar ASA is a Norwegian fish farm company and one of the world's largest producers of farmed salmon. The company's main activities include marine-phase farming, broodfish and smolt production, processing and sale of farmed salmon. It holds 100 licenses for production of Atlantic salmon in Norway, located in Trøndelag, Nordmøre and, through its subsidiary Senja Sjøfarm AS, Troms. It also owns 50% of Norskott Havbruk which operates fish farms as Scottish Sea Farms.[1] The company is based in Frøya Municipality and is listed on the Oslo Stock Exchange since 2007.[2] The company was founded in 1991,[3] its main shareholder is today the founder's son Gustav Magnar Witzøe.

SalMar sells farmed salmon across Asia, the United States, Canada, Russia and Norway.

## Offshore fish farming

[edit]

SalMar created an offshore fish farm pilot project called Ocean Farm 1. This farm has operated off the coast of the island of Frøya since 2017. It was towed back to a shipyard in 2022 for some improvements and repairs then returned to its original location.[4] It uses a structure 69 meters tall & 110 meters in diameter with a volume of 250,000 cubic meters to produce around 6000 tonnes a year of salmon.[5][6]

The company plans a Smart Fish Farm with a larger 22.7 tonne per year production capacity.[7]

## References

[edit]

1. ^ "SalMar ASA, SALM:OSL profile - FT.com". markets.ft.com. Retrieved 2018-04-10.
2. ^ SalMar. "Welcome to SalMar ASA". Archived from the original on September 12, 2008. Retrieved 2008-11-01.
3. ^ SalMar. "History". Archived from the original on June 25, 2007. Retrieved 2008-11-01.
4. ^ "OFFSHORE FISH FARMING A new era in fish farming is on its way". SalMar. Retrieved May 21, 2023.
5. ^ "Ocean Farm 1 towed to shipyard for improvements". April 26, 2022. Retrieved May 21, 2023.
6. ^ "SalMar says Ocean Farm has been a success". March 2, 2021. Retrieved May 21, 2023.
7. ^ "Norwegians team up in a bid for international offshore aquaculture expansion". August 26, 2021.

## External links

[edit]

* Official site

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OBX companies of Norway

* Aker
* Aker BP
* BW Offshore
* BW LPG
* Bakkafrost
* DNB
* DNO
* Entra
* Equinor
* Frontline
* Gjensidige Forsikring
* Lerøy Seafood Group
* Mowi
* NEL
* Norsk Hydro
* Orkla
* SalMar
* Scatec Solar
* Schibsted
* Storebrand
* Subsea 7
* Telenor
* TGS-NOPEC
* Tomra
* Yara International

See also: Companies listed on the Oslo Stock Exchange

Authority control databases |

* VIAF

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