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SalMar to invest $150m in Norway in 2023, but $650m+ still on hold

SalMar's expected investments in maintenance and capacity in Norway will go ahead this year, but others -- including the doubling of capacity at InnovaMar -- are on hold

By Neil Ramsden | Sept. 7, 2023 09:44 BST
InnovaMar. Credit: SalMar
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Norwegian salmon farmer SalMar still expects to invest NOK 1.6 billion ($149.4 million) in maintenance and capacity growth in Norway this year, but NOK 5bn-7bn more in investments is on hold thanks to the introduction of a new tax regime. [...]

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