Norcod seeks up to NOK 175 million investment as it recovers from Q1 accelerated harvest.
Photo: Norcod.
Norcod has announced been granted a permanent permit for its subsidiary Kråkøy to hold 600 tonnes of fish at its slaughterhouse facility in Trøndelag county, Norway, the company has announced.
Norcod acquired Kråkøy Slakteri, a harvesting facility in Åfjord municipality, in June 2023, creating a new subsidiary, Kråkøy Norcod AS.
The move was seen a further step on the journey to vertical integration for the Norwegian cod farming company.
"By owning Kråkøy Slakteri AS, we can ensure a smooth and efficient supply chain, from farming to processing, resulting in improved quality control and reduced costs," Norcod stated in a LinkedIn post in June.
"Led by our strategy for growth, this vertical integration of our value chain is a strategic step to improve our operations and create a robust and streamlined business model," Christian Riber, CEO of Norcod, said at the time.
Aerial view of Norcod's Kråkøy Slakteri faccility in Åfjord, Trøndelag County.
Photo: Norcod / Kråkøy Slakteri.
In August 2023, the cod farmer applied to extend a permanent permit for holding cod in sea pens at the facility.
The company had its wish granted just after Christmas, with the confirmation Trøndelag County had allocated Kråkøy Norcod a permanent permit for 600 metric tonnes of cod to be held at the location.
"Fantastic work by the entire Team at Kråkøy! Best Christmas gift!" wrote Norcod COO Kia Zadegan in a LinkedIn post showing a copy of the official permit desicion from Trøndelag county authorities.
This latest milestone capped off a year of significant progress for the company, which continues its quest for expansion.
In September, Norcod announced it had been granted permission for a new production site in Nesna municipality in Nordland, northern Norway. The company was granted permission to grow a total maximum allowed biomass (MAB) of 3,599 metric tonnes of cod at the site.
