SalMar ASA - Company Profile
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Business Description
SalMar ASA (SalMar) is primarily involved in the production and sale of farmed salmon. The company operates across the entire value chain, encompassing fish feed production, fish farming, processing, and distribution. The company operates its fish farming activities in Norway and has a presence in several regions, including Central Norway, Northern Norway, Iceland and Scotland.
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R&D Overview
SalMar focuses its R&D on the development of aquaculture products. The company fosters partnerships with public authorities, educational and research institutions, as well as industry associations. In 2022, the company maintained its extensive research and development initiatives across diverse domains, placing particular emphasis on fish welfare and lice control. It carried out substantial R&D projects at its processing plant, with a strong focus on enhancing feeding optimization and control at its sea farms. The company remains dedicated to sharing sector-specific knowledge to benefit the industry as a whole. Through a partnership with the NTNU (Norwegian University of Science and Technology), the company has established a professorship specializing in aquaculture cybernetics. This endowed professorship aims to facilitate research by connecting the fields of technical cybernetics, biology, and aquaculture. It serves as a knowledge hub and bridge between the aquaculture industry and the academic community. The company places significant emphasis on breeding and genetics, demonstrated through its collaboration with SalmoBreed, an entity of Benchmark Holding PLC, as a co-owner of SalMar Genetics. This partnership has established a strong framework for advancing the development of the Rauma Broodstock in the future. The focus of these efforts includes enhanced disease resistance and optimal growth characteristics. The company actively engages in the exploration and investment of projects related to innovative feed ingredients. To minimize the environmental impact of feed ingredients and reduce nutrient runoff from agriculture, it consistently tests and evaluates novel and locally sourced feed ingredients such as algae, insect meal, kelp, salmon oil, seafood trimmings, and surplus raw materials from processing.
Business Segments
- Fish Farming Central Norway
- Fish Farming Northern Norway
- Icelandic Salmon
- Sales and Industry
- SalMar Aker Ocean
Overview
Involves the production of Atlantic salmon in both ocean-based and land-based facilities. The company utilizes advanced farming techniques and technologies to ensure optimal conditions for fish growth. This segment includes activities such as smolt production, and fish farming operations. It is divided into three regions: the southern region encompassing More and Romsdal, the central region comprising Froya and Hitra, and the northern region consisting of Fosen and Namdalen
Performance
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Overview
Operates the largest aquaculture operation in Troms og Finnmark County, covering a vast region from Harstad in southern Troms to Sor-Varanger in Finnmark. A significant emphasis has been placed on remote feeding within this segment. It is divided into two regions region south and region north.
Performance
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Overview
It is Iceland's leading producer of farmed salmon and it operates as a fully integrated entity, encompassing its own hatcheries, sea farms, harvesting plant, and dedicated sales force.
Performance
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Overview
Operates sales, harvesting and processing activities in Norway. Focuses on the distribution and sale of the company’s salmon products in European, Asian and American markets. It maintains sales offices in Japan, South Korea, Vietnam, Taiwan and Singapore.
Performance
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Overview
Operates in offshore aquaculture and aims to strengthen its focus in this domain.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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