SalMar-owned Icelandic salmon farmer Arnarlax has signed a letter of intent with a local municipality to build an 80,000-metric-ton high-tech processing plant in Iceland's Westfjords region.

Arnarlax intends to build the new plant in Vatnseyri in Patreksfjordur, and the facility will employ around 100 people.

No start date has been set for construction.