Fishfarmer Magazine
 
5 September, 2008



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Production set to double at Marine Farms

20 June, 2008 -

NORWEGIAN aquaculture company Marine Farms has signed a preliminary agreement for a NOK240m multi-currency credit facility with DnB NOR Bank.
Commenting, the company said that with the additional funding, Marine Farms should have sufficient liquidity available to fund its scheduled organic growth over the next few years.
The company plans to double 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. It is in addition to the NOK 510 mill multicurrency facility
already in place.
Marine Farms' operations mainly consist of salmon farming in the UK and seabass/seabream in Spain. These activities are run through the 100% owned companies Lakeland (UK) and Culmarex (Spain). In addition, Marine Farms ASA is engaged in farming of the fast growing marine species cobia in both Belize and in Vietnam.
The Group had a turnover of approximately NOK 600 mill in 2006 (IFRS).





www.fishfarmer-magazine.com is published by Special Publications. Special Publications also publishes FISHupdate.com, FISHupdate magazine, Fish Farmer, the Fish Industry Yearbook, the Scottish Seafood Processors Federation Diary, the Fish Farmer Handbook and a range of wallplanners.

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Calendar
06 - 09 September, 2008
International Conference on Fish Diseases and Fish Immunology
15 - 18 September, 2008
AQUACULTURE EUROPE 2008
29 September - 01 October, 2008
Aqua Vision 2008
07 - 09 October, 2008
Conxemar
12 - 14 October, 2008
8th International Symposium in Tilapia on Aquaculture
23 - 24 October, 2008
Annual Association of Scottish Shellfish Growers International Conference
05 - 07 November, 2008
IMPASSE Conference “Managing Alien Species for Sustainable Development of Aquaculture and Fisheries”
25 - 27 November, 2008
ASIAFISH 2008
15 - 18 February, 2009
Aquaculture America 2009
25 - 29 May, 2009
WORLD AQUACULTURE 2009
Click here to see all 11 events
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