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AKVA lands Russian smolt plant contract

20 June 2019, at 8:51am

AKVA announced today that it has won a tender for delivery of a new smolt facility to Russian Aquaculture, near Murmansk.

The estimated value of the deal, which was awarded to AKVA group Denmark A/S, a wholly owned subsidiary of AKVA group ASA, is €11.9 million, although the final contract is not yet concluded and is subject to financing and regulatory approvals in Russia.

One of Russian Aquaculture's salmon grow-out sites, near Murmansk
One of Russian Aquaculture's salmon grow-out sites, near Murmansk

Deliveries of equipment to the Russian Aquaculture facility are expected to commence in Q2 2020. The Moscow-based company sees the deal as an important step towards achieving its strategic goal of producing up to 25,000 to 30,000 tonnes of salmonids by 2025.

 

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