Bakkafrost's farming sector has done well but the value-added products sector has been hit by high spot prices. Photo: Bakkafrost

Aquatec lands Faroese deal

Aquatec Solutions, a wholly owned subsidiary of Akva, has signed a deal worth DKK 150 million (£16.14m) to supply equipment for Bakkafrost's new hatchery at Strond, in the Faroe Islands. 

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Deliveries will take place from Q2 2016 to Q2 2018.

Meanwhile an interim Q1 report from the Faroese farmer reveals that the company produced 10,900 tonnes of salmon in the quarter, while its feed division, Havsbrún sold 14,500 tonnes and sourced 71,600 tonnes of raw materials.

The company has also pledged to have all its sites Aquaculture Stewardship Council (ASC) certified by the year 2020. In March 2015 its Gøtuvík site was successfully certified, while its Gulin site will be audited in the spring of 2016.