User:Jteige/"Norway Pelagic"

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Norway Pelagic ASA
Publicly traded, limited company
Industry Seafood, food processing
Founded (2007 (2007))
Headquarters Måløy, Norway
Key people
Sigurd Teige (Chairman)
Gunnar Domstein (CEO)
Products Wild caught herring, mackerel and capelin, production and distribution
Increase NOK 2,644 mill (2009)
Total assets Increase NOK 1,581 mill (2009)
Total equity Increase NOK 867 mill (2009)
Number of employees
500 (2009)
Website www.norwaypelagic.no

Norway Pelagic ASA (OSE:NPEL) is a Norwegian producer and exporter of pelagic fish, ie herring, mackerel and capelin. Total production volume in 2009 was about 500,000 tons, making the company the largest in its sector, accounting for 35-40% of total landings of pelagic fish for human consumption in Norway.

Operations[edit]

Norway Pelagic controls 11 production plants along the Norwegian coast, located at Sommarøy, Lødingen, Bodø, Liavåg, Selje, Måløy (3 plants), Kalvåg, Florø and Karmøy. The administration is located in Måløy while sales and purchasing are located in Ålesund. The company main operations are production of roundfrosen and fillets of herring and roundfrosen mackerel. Other products are mackerel fillets, and roe from herring and capelin. Almost entire production is for export and the most notable markets are Russia, Ukraine, EU and Japan.

History and main events[edit]

Norway Pelagic ASA was established in 2007, through a merger between Domstein Pelagic, Global Fish, Bergen Fiskeindustri, Koralfisk and Bernt Hansens Eftf. One year after, in June 2008, the company was listed on the Oslo Stock Exchange. In 2009 Norway Pelagic aquired Fryseriet in Lødingen, a producer of herring products and capelin. In 2010, Norway Pelagic also aquired Emy Fish and Brødr Myhre, two pelagic plants in Måløy.

In July 2010, Austevoll Seafood ASA bought Domstein ASA's shares, and became the largest shareholder. In Januray 2011, an agreement was announced to integrate Austevoll's pelagic plants, located in Sirevåg, Austevoll, Træna and Honningsvåg, in addition to ownership of Shetland Catch Ltd, into Norway Pelagic.

References[edit]

  1. Annual Report 2009

External links[edit]