Published
NORWAY – Nordic Aquafarms has appointed Charles Høstlund as its new CEO, stepping into the role previously held by Bernt Olav Røttingsnes, who will continue to contribute to the company in an advisory capacity.
Høstlund, who has been serving as the Chairman of the Board, is now set to lead the company as it focuses on becoming a major player in the yellowtail kingfish farming sector.
With over 20 years of experience in the aquaculture industry, Høstlund’s background includes a stint as CEO of Norway Royal Salmon until its acquisition by Salmar in 2022.
His extensive experience is expected to be a significant asset as Nordic Aquafarms navigates its next phase of development.
The company, which specializes in land-based seafood farming, is expanding its operations.
Its facilities include a hatchery with proprietary broodstock in Bedsted-Thy, Denmark, and growth sites in Hanstholm, Denmark, and Fredrikstad, Norway.
Additionally, Nordic Aquafarms is establishing yellowtail kingfish production in Eureka, California, and operates a RAS design company in Aarhus, Denmark.
The company’s Annual Report for 2023 highlights several significant developments.
Nordic Aquafarms secured NOK 300 million (US$28.3M) in capital to support its expansion.
It has also finalized an agreement with AKVA group for the delivery of RAS technology, which will increase its capacity by 4,000 tonnes HOG annually.
Local authorities have provided strong support for infrastructure development to accommodate an additional 4,000 tonnes HOG capacity, following the model used for the initial capacity expansion.
Furthermore, the company has relocated its headquarters to Norway, aiming to leverage the seafood capital market cluster to attract investors.
To enhance its financial stability, Nordic Aquafarms has also raised an additional NOK 100 million (US$9.43M) in equity.
Sign up to receive our email newsletters with the latest news updates and insights from Africa and the World HERE
No related posts.
We use cookies to improve your experience on our site. By using our site, you consent to cookies.
Manage your cookie preferences below:
Essential cookies enable basic functions and are necessary for the proper function of the website.
These cookies are needed for adding comments on this website.
Google's current Sign in with Google client library. It renders the Google sign-in button, or the One Tap prompt, so visitors can log in to your site with their Google account. It replaces the older Google Sign-In platform library.
Service URL: policies.google.com (opens in a new window)
Google Tag Manager simplifies the management of marketing tags on your website without code changes.
Statistics cookies collect information anonymously. This information helps us understand how visitors use our website.
Google Analytics is a powerful tool that tracks and analyzes website traffic for informed marketing decisions.
Service URL: policies.google.com (opens in a new window)
WPMU DEV Analytics is the visitor statistics feature of the WPMU DEV Dashboard plugin. It reports traffic and visitor behavior inside The Hub using a Matomo analytics instance hosted by WPMU DEV.
Service URL: wpmudev.com (opens in a new window)
Marketing cookies are used to follow visitors to websites. The intention is to show ads that are relevant and engaging to the individual user.
AddToAny provides share and follow buttons that let visitors post your pages to social networks, messaging apps, and bookmarking services.
Service URL: www.addtoany.com (opens in a new window)
