Tassal

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Tassal Limited
Public company
Traded as ASXTGR
Industry Seafood processing
Founded 1986
Headquarters Hobart, Tasmania, Australia
Area served
Australia, New Zealand, Asia
Products Processed and canned fish products
Revenue Increase A$444.93 million (2017)[1]
Increase A$85.56 million (2017)
Increase A$58.08 million (2017)
Website http://www.tassal.com.au/

Tassal is a Tasmanian based Australian salmon farming company founded in 1986. It has been listed on the Australian Securities Exchange since 2003. Tassal is the largest producer of Tasmanian grown Atlantic salmon in the world, supplying salmon to both domestic and international markets.[2] [3]

Operations[edit]

As of 30 June 2018 Tassal employs a total of 1,261 people.[4]

Tassal operates three hatcheries, which have the capacity to produce ten million smolt a year. These smolt come from broodstock from a Tasmanian based industry selective breeding program. The state-of-the-art Rookwood Road Hatchery and Nursery underwent an expansion in April 2016 to make it the biggest land-based salmon nursery in Australia with the capacity to produce approximately 8 million smolt per year. After 8–12 months at Rookwood Nursery the smolt are transferred to sea. [5]

Tassal has six marine regions, where the standard pen has a volume of 11,600 cubic meters and holds enough salmon to produce 120 tonnes once harvested. Salmon are kept in these large sea cages between 12–18 months and continue to grow until they are ready to be harvested at an average weight of 5.0 kg live weight.[citation needed]

Tassal has five processing facilities including a smokehouse one retail outlet and a mobile Salmon truck. [6][7]

Acquisitions and partnerships[edit]

In September 2018 De Costi Seafoods, a wholly-owned subsidiary of Tassal Group, acquired the land, assets and inventory of the Fortune Group prawn aquaculture business. [8]

In 2012 Tassal and WWF announced the “WWF Australia and Tassal Sustainable Aquaculture partnership." [9]

Environmental, sustainability and health concerns[edit]

The investigative television program Four Corners aired an episode in October 2016 which raised a number of environmental, health and sustainability concerns regarding the practices of the company.[10] The program revealed that Tassal farmed fish were being fed the chemical compound Astaxanthin to give them their pink flesh. Unlike wild salmon, farmed fish would otherwise by grey in colour. In some countries the use of Astaxanthin to colour fish is prohibited or highly regulated.[11]

During November 2016 the Environmental Protection Authority ordered Tassal to fully harvest its Macquarie Harbour lease by the end of February 2017 after 14 non-compliance issues were identified. However, Tassal failed to comply with the order until April. Dr Rosalie Woodruff, a state MP, stated that "The order followed evidence of severe damage to the World Heritage Area in Macquarie Harbour"...Tassal refused to meet the EPA’s first deadline of 28 February. The EPA caved to industry pressure and agreed not to enforce the order until 15 April, despite evidence of damage to the World Heritage Area, which breaches state, national and international law".[12][13]

In May 2017 the Aquaculture Stewardship Council found Tassal had failed to comply with 19 requirements for ASC Certification. The Environment Tasmania organisation stated that "Anyone buying Tassal salmon needs to know the product has come from a marine dead zone and has damaged the World Heritage Area". Environment Tasmania also reported that fish were being "kept in conditions where there isn't enough oxygen for the fish to breathe".[14]

Concerns have been raised over the use of antibiotics by the company. Despite promising to cease using antibiotics, Tassal increased its use by 75% in 2015–16 when compared with the previous 12 months. The Australian reported that Tassal also recorded a more than 50 per cent rise in grams of antibiotic per tonne of fish produced: from 6g a tonne to 9.83g. Tassal uses the drug oxytetracycline, whilst the World Health Organization has argued for increased use of alternatives to feeding farmed animals antibiotics.[15]

Brands[edit]

Tassal owns several brands, including:

  • Tassal
  • Superior Gold
  • Tasmanian Smokehouse
  • De Costi Seafoods
  • Aquatas[16]
  • Salamanca Seafood Company[17]

References[edit]

  1. ^ "Tassal Annual Results (2017)" (PDF).
  2. ^ "Tassal offers CEO-hosted tours of farm sites, dismisses concerns over fish deaths". ABC News. 2018-01-09. Retrieved 2018-10-16.
  3. ^ "Tassal Joins Global Salmon Initiative, Expanding Its Global Membership to 17 Companies". Global Salmon Initiative. Retrieved 2018-10-16.
  4. ^ "Our People - Tassal Dashboard". Tassal Dashboard. Retrieved 2018-10-16.
  5. ^ "Salmon hatchery doubles in size". ABC Rural. By Nick Bosly-Pask. 2017-03-30. Retrieved 2018-10-16.
  6. ^ "Tassal Group – Our Operations". tassalgroup.com.au. Retrieved 2018-10-16.
  7. ^ Editorial, Reuters. "${Instrument_CompanyName} ${Instrument_Ric} Company Profile | Reuters.com". U.S. Retrieved 2018-10-16.
  8. ^ "Tassal expands landholdings with new Fortune deal". 2018-09-18. Retrieved 2018-10-16.
  9. ^ "Tassal expands landholdings with new Fortune deal". Farming Ahead. 18 September 2018. Retrieved 16 October 2018.
  10. ^ "Big Fish - Four Corners". abc.net.au. Retrieved 2017-07-15.
  11. ^ "www.choice.com.au/food-and-drink/meat-fish-and-eggs/fish/articles/astaxanthin-in-salmon-021116". choice.com.au. Retrieved 2017-07-15.
  12. ^ "No Cookies | The Mercury". themercury.com.au. Retrieved 2017-07-15.
  13. ^ "Tassal salmon farming lease under destocking order to escape standards probe - ABC News (Australian Broadcasting Corporation)". abc.net.au. Retrieved 2017-07-15.
  14. ^ "Tassal given three months to clean up Macquarie Harbour salmon-farming leases - ABC News (Australian Broadcasting Corporation)". abc.net.au. Retrieved 2017-07-15.
  15. ^ "Nocookies | The Australian". theaustralian.com.au. Retrieved 2017-07-15.
  16. ^ "Bloomberg - Are you a robot?". www.bloomberg.com. Retrieved 2018-10-16.
  17. ^ "Tassal Group – Tassal Growth Continues". tassalgroup.com.au. Retrieved 2018-10-16.

External links[edit]