Norwegian trout and salmon farmer Cermaq revealed its new strategy this week, pledging to cut its costs in producing Atlantics by 18 percent in 2015.
The company, which bases more than 50 percent of its production in Chile, said in a statement that it would reduce which amount to USD 0.8 per kg.
"Cermaq is transforming into a dedicated fish farming company, and will focus on profitable growth while we remain open to participate in industry consolidation provided industrial merit and shareholder value creation," said CEO Jon Hindar.
The company indicated it will improve costs through a number of measures, focusing on local industry coordination and cooperation; regulatory framework enforcement, especially related to Caligus (sea lice in Chile); and more treatment options now made available to the industry.
