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The latest update is out from Nordic Halibut AS ( (DE:9K1) ).
Nordic Halibut AS has decided to invest in a new production facility in Tingvoll, which is a key part of their growth strategy. This facility aims to enhance production efficiency and capacity, targeting an annual production of 10,350 tonnes HOG by 2031. The facility will be built using proven technology and will leverage the natural environment of Torjulvågen to produce halibut efficiently and sustainably. It will also focus on renewable energy and serve as a center for R&D, enhancing the company’s competitive edge in the industry.
More about Nordic Halibut AS
Nordic Halibut is a leading farmer of Atlantic halibut based in Western Norway, with its headquarters in Averøy, Nordmøre. The company operates a fully integrated value chain from genetics to sales and has made significant advancements in early phase production. With a strategic focus on expanding production volumes, Nordic Halibut aims to reach 4,500 tonnes HOG by 2027 and 10,350 tonnes HOG by 2031, through value accretive organic growth.
YTD Price Performance: -8.33%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €90.11M
See more data about 9K1 stock on TipRanks’ Stock Analysis page.