A new company formed by Norwegian salmon farmers Kvaroy Salmon, Fram Seafood and investment company Nyhamn are planning to build a NOK 100 million ($9.9 million/€9.9 million) seafood processing factory in Eidsvoll, Norway.

The new company, 1814 Salmon, has been in development for two years, Kvaroy Arctic CEO Alf Goran Knutsen, who serves as 1814's chairman, told sister publication IntraFish.no.

"Now everything is in place with plans, supplier and financing, said Knutsen,

Around 60 new jobs will be created in Eidsvoll municipality over the next few years, and the facility is scheduled to be operational in the first quarter of 2023, the company said.