Norwegian cod farmer Statt Torsk ASA has entered into a long-term agreement for the harvesting and processing of up to 3,500 tonnes of cod per year, with the seafood processor Western Seaproducts AS, a company owned by Måsøval AS.
Statt Torsk’s cod will be processed in Vartdal, western Norway, where Western Seaproducts is based, and will start within the next two months. The operation is expected to reach maximum production by the end of 2024.
Statt Torsk ASA CEO Gustave Brun-Lie said in an Oslo Stock Exchange announcement: “We are extremely pleased to enter into this agreement. This is a cornerstone in our aim to control all parts of the value chain of our production.
“The long-term experience for quality harvesting, which exists at the plant and with its owners, enables us to offer the predictability of quality and on-time deliveries required by our customers.”
The Chairman of Western Seaproducts AS, Asle Rønning, added: “A long-term harvesting and processing agreement with Statt Torsk ASA, as a key customer along with Måsøval AS, will ensure continued activities at our processing facility in Vartdal for the years to come.
“This is very good news for maintaining and creating long-term job opportunities in Vartdal, as we will now also seek to increase our staff with further employees.
He concluded: “All in all this is a great solution for both Western Seaproducts AS, Statt Torsk ASA and Måsøval AS.”
Statt Torsk AS, whose name comes from an old Norse word meaning “that which stands” is listed on Oslo’s Euronext Growth exchange and is based in Norway’s Vestland region, noted for its Viking heritage.