International salmon farmer Grieg Seafood today confirmed ambitious plans for growth, targeting annual harvest volumes of 90,000 metric tons in 2022 and 120-135,000 metric tons in 2026.

Grieg harvested 75,600 metric tons in 2021. While representing a 6 percent increase over 2020, it fell short of the company's 80,000-metric-ton target.

The new targets reflect an expected harvest hike of 19 percent from last year and a five-year increase of up to 79 percent.

With traditional Norwegian netpen production at its limit, meeting these new targets will depend on successful utilization of the company's farming current capacity and on available expansion opportunities and new concepts.