Marine Farms Gets Funds for Organic Growth

The facility will be in addition to a NOK510 million facility already in place, and will enable Marine Farms to fund its scheduled organic growth over the next few years.

Marine Farms is planning to increase its production from 15,000 tonnes to 30,000 tonnes of fish.

The new credit facility is expected to be finalised by the end of the month.

Marine Farms, headquartered in Bergen, Norway, has fish farming operations in Norway, the UK, Spain, Belize and Vietnam. The company has some 500 employees and reported sales of NOK735.4 million in 2007.

TheFishSite News Desk

Sign up for our
regular news updates

Latest Industry News

•   New Guidelines to Protect Deep-sea Fish
•   Analysing Perfluorinated Compounds in Seafood
•   NAFC Educates on Toxic Shellfish Tests
•   Fish Disaster in Sacramento Leads to Rescue Plan
•   Kimberley Town Anticipates Aquaculture Wave
•   Caviar Company Fishes for Profits
•   Processor’s SALSA Success with Seafish
•   SFF Cautiously Welcomes Scottish Marine Bill
•   Better Management Boosts Indian Shrimp Farmers
•   Shrimp Firm Sends Warning Against Chinese Imports