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Cermaq Increases Production Capacity in Chile

Salmonids Husbandry Economics +3 more

CHILE - Cermaq Chile has further increased its production capacity in Region XII with the addition of two new licenses.

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The two new licenses will increase the production capacity by 4,000 tons per year when fully developed. The new licenses were purchased for a consideration of $2 million.

"This acquisition adds to the two licenses acquired in April and is a part of Cermaq’s strategy of increasing capacity in region XII in order to balance the production between the Chilean farming regions. The longer term ambition will be to acquire additional licenses in the region XII bringing the total production capacity in the region including existing licenses of up to 40,000 tons per year," said CEO, Jon Hindar.

Before the acquisition Cermaq Chile's current production capacity in region XII is 14,000 tons per year.

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