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Analysis

Cermaq posts $160m Norwegian profit, but rues lost investment potential

Cermaq's original investment plan in Norway would have created 300 new jobs, it said, but these have been put on hold owing to uncertainty from the new 40% salmon tax

By Dan Gibson | Oct. 25, 2022 10:31 BST
Credit: Cermaq
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Cermaq Group, the Norway-based salmon farmer owned by Japanese conglomerate Mitsubishi Corporation, has released further details of its scrapped investment plans alongside the reveal of a NOK 1.7 billion ($160 million) annual profit at its Norwegian operations.  [...]

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