Processing equipment manufacturer BAADER and land-based salmon-farming company Laxey have signed an agreement to deliver processing equipment to Laxey’s planned slaughterhouse.
Originally called Icelandic Land Farmed Salmon and planning a 10,000-metric-ton (MT) farm, the company has since been renamed Laxey and has increased its plans to a 32,000-MT flow-through salmon farm in Iceland’s Westman Islands.
The two companies said the agreement marks a milestone as both firms “look to strengthen their positions in Iceland’s rapidly growing land-based aquaculture market.” Laxey said the partnership will be a crucial part of securing the equipment it needs to produce salmon for the international market.
“We are excited about this partnership with BAADER, a leader in technological solutions for the seafood industry,” Laxey Project Manager for Processing and Procurement Kristmann Kristmannsson said. “This agreement lays the foundation for a successful collaboration, and we expect it to be the start of a prosperous relationship that will help strengthen the Icelandic land-based aquaculture sector.”
Laxey is planning a land-based flow-through salmon farm in Iceland and recently acquired an additional EUR 40 million (USD 42 million) in funding. The funding came from Blue Future Holding, along with the Almenni pension fund, Festa pension fund, Western Islands pension fund, and Snaebol. That funding came after an earlier EUR 42 million (USD 44 million) earned in the first phase of its equity fundraising efforts.
Alongside the additional funding, the company signed a partnership with Skretting to supply feed to Laxey throughout the buildup phase of its project.
“We are proud to be part of this important project with Laxey,” BAADER Iceland Sales Manager Karl Ásgeirsson said. “Our equipment will ensure they meet the strict quality requirements demanded by the international market.”
