Finance

Good biology, focus on cost reduction paying off for Mitsubishi-owned Cermaq Norway

Cermaq Norway saw its earnings increase nearly 4% in the latest financial year, despite the COVID-19 pandemic.

Since 2014, Cermaq Norway has invested an average of NOK 1 billion (€99.6 million/$111.7 million) a year and Ellekjaer referred to its Japanese owners as 'very good owners'.
Since 2014, Cermaq Norway has invested an average of NOK 1 billion (€99.6 million/$111.7 million) a year and Ellekjaer referred to its Japanese owners as 'very good owners'.Foto: Anders Furuset
Published 26 November 2021, 05:09Updated 26 November 2021, 05:09
CermaqMitsubishiFarmed salmonJapanNorway