Hirtshals-based Nordic Seafood -- which accounts for around half of the €363 million ($478 million) turnover of Nissui Europe -- has been impacted by the turmoil in the wake of the financial crisis, especially on markets that had previously seen a high growth rate -- Russia, the Ukraine, Romania and other Eastern European markets, in particular.
The company, in which New Zealand’s Sealord Group Ltd. is a major shareholder, has “lost credit insurance on 40 percent of these markets,” Nordic's Lars Olsen told IntraFish.
“In
