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International Internet Magazine. Baltic States news & analytics Friday, 26.04.2024, 11:36

Estonia: PRFoods subsidiary to expand fish farm in Sweden

BC, Tallinn, 22.01.2020.Print version
Overumans Fisk AB, subsidiary of listed Estonian fish products seller PRFoods AS, has obtained an approval to establish an additional fish farm in the Vasterbotten region of Sweden, PRFoods informed the stock exchange.

The permit is valid for fish farming and keeping fish over winter. The permit grants the right to use 2,400 tons of fish feed to farm approximately 2,200 tons of fish. The permit will enter into force after the expiry of the time limit for contestation and will be valid for 15 years. 


"An important part of PRFoods' strategy is to expand the volume of fish farming in Finland, Sweden and Estonia. The permit in Sweden allows us to nearly triple the volume of farming in Sweden, and for this, our fish farming management team, led by Margus Rebane, has done outstanding work for many years," PRFoods CEO Indrek Kasela said.


"Fish from our own farms guarantees that our factories have high-quality and environmentally friendly raw material and we can provide fish products of excellent quality to consumers. The next step for the company is to establish a sustainable fish farming industry in Estonia, which would benefit both the existing fish farmers and the sectors supporting fish farming. PRFoods is also actively involved in the process of increasing fish farming capacity in Finland," Kasela added.






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