Regin Jacobsen's booth at the Seafood Expo North America may have been tucked away in the corner, but the CEO of Bakkafrost was busy setting in motion final plans for two new processing plants and two new packaging facilities on the Faroe Islands.

Although details of the new units are still being discussed, the company is setting aside $200 million (€144.7 million) for one plant, Jacobsen told IntraFish.

It will replace the company's smaller plants, which are too small and spread out for his next plan of action, expanding into North America.

"The