Norwegian News
ROYAL TREATMENT for Mekong fish
OFFICIAL ROYAL VISIT TO VIETNAM T
HEIR Royal Highnesses The Crown Prince Haakon and Crown Princess Mette-Marit of Norway made an official visit to Vietnam in March, in a bid to enhance business cooperation between the two countries.
The royal couple concluded their trip with visits to two Norwegian companies located in the Mekong Delta – EWOS, which supplies feed to local aquaculture facilities, and PHARMAQ, whose activities include the manufacture of vaccines for farmed fish.
TRADE AGREEMENT It is hoped that the meeting might help to forge a trade agreement be-
tween the two countries by 2015 and valuable contacts were established between the representatives of Norwegian and Vietnamese trade and industry during the visit. Crown Prince Haakon drew attention to this in his speech, saying: ‘This visit has given Norwegian companies a wonderful opportunity to share experiences and engage with Vietnamese businesses – forming new partnerships in one of the most promising markets in Asia.’ The Crown Prince and Crown Princess witnessed the signing of an
agreement between PHARMAQ and the Vietnamese Ministry of Agri- culture and Rural Development, which gives PHARMAQ the possibility to develop vaccines for several different farmed fish species in close co- operation with the Vietnamese authorities and their organisations.
Norway’s Crown Prince Haakon and Crown Princess Mette-Marit vaccinate some juvenile pangasius at a farm in the Mekong Delta
‘By signing this agreement of co-operation we take an important step
further in a common goal of a forward-looking, sustainable Vietnamese fish farming industry,’ stated Morten K Nordstad, CEO of PHARMAQ. The Crown Prince and Crown Princess were also able to try their own hand at administering vaccinations to juvenile pangasius. FF
Cermaq consolidates fish farming role CHARLES NORRIS D 10
SILO SALE HELPS FUND FARMING EXPANSION Cermaq has for many years divested its involvement in
ESPITE the imminent departure of its CFO, Tore Valderhaug, Cermaq has had a busy few months, with activities including selling off fringe assets, and placing successful bids for
five of the first 15 new green farming licences to be an- nounced by the Directorate of Fisheries. The company, which is seeking to concentrate on its
farming operations, entered into an agreement on March 10th to sell its Stavanger grain silos to Felleskjøpet Agri for approximately NOK 49.5 million.
AGAINST THE GRAIN ‘We are pleased that there has been found a good solu-
tion for this property,’ said Cermaq’s project director Geir Sjaastad. ‘Cermaq is a dedicated fish farming company, and the
sale of the grain silos is in line with our strategy to divest non-core business. Operating a grain silo is not a natural task for an aquaculture company,’ Sjaastad continued.
Tore Valderhaug, CFO of Cermaq
areas outside its core business of aquaculture. Sales of Cermaq’s property in Stavanger grain silo is part of this. The selling price will turn a NOK 40 million profit. The company has also been awarded five of the fifteen
new green licences in group B by the Norwegian Direc- torate of Fisheries, it was announced on 28 March. There were in total 72 bids in the category and the 15
highest bids had a value between NOK 55 million and NOK 66 million. Cermaq’s bid prices were NOK 63 million for three licences and NOK 55 million for the other two. ‘We are very pleased with the outcome of this first
round of allocation of green licences, and are convinced that we will develop these licences in a positive way for Cermaq and its shareholders,’ said CEO Jon Hindar. Cermaq will provide information as to where the new
licences will be located, total investment and the timing of the expected increase in production when the out- come of the remaining allocation of licences in groups A and C have been announced and Cermaq has concluded its final investment plan. FF
www.fishfarmer-magazine.com
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