Samherji doubles profit, raises cost of land-based salmon farming project to $440 million

The group is now estimating its mega land-based project will require an additional ISK 15 billion (€107.5 million/$109.9 million) to complete.

"We at Samherji have great faith in land-based farming, but all development is extremely costly,” said Thorsteinn Mar Baldvinsson, CEO of Samherji.
"We at Samherji have great faith in land-based farming, but all development is extremely costly,” said Thorsteinn Mar Baldvinsson, CEO of Samherji.Photo: Samherji
Published 22 July 2022, 18:45Updated 22 July 2022, 18:49