Proximar Seafood AS ("EURONEXT: PROXI) is pleased to announce that 28 October
2022 the first eggs were successfully inserted into the company's hatchery in
Oyama, Japan.
Around 125 000 eggs were inserted in this first batch and the ova arrived the
hatchery in excellent condition. The eggs were supplied by Benchmark Genetics
and their Icelandic StofnFiskur breeding program. These have shown great
performance in land-based facilities, including AquaMaof's R&D facility in
Poland.
"After meticulous preparations, it is wonderful to finally initiate production.
The team is ready, the facility is perfect and we have everything we need to
provide ideal hatching and growth conditions" says Dharma Rajeswaran, COO of
Proximar.
This egg insertion marks the starting point for farming of Atlantic Salmon in
Japan, giving Proximar a significant first mover advantage. Proximar will insert
similar batches into the hatchery each month going forward, enabling continuous
harvest from medio 2024.
"The moment we have all been waiting for has finally arrived. I see it as a
great achievement of our organization and suppliers to complete the facility in
accordance with the ambitious timeline, considering issues such as covid-19 and
global shortage of raw material" says Joachim Nielsen, CEO of Proximar.
"The production start is a major milestone for the company and a significant
step towards providing the Japanese people with sustainably produced seafood,"
concludes Nielsen.
While production has been initiated in the Hatchery and Nursery building, the
Post Smolt Grow out facility is still under construction. This is to a large
degree repetition of work already undertaken and Proximar expects the facility
to be completed according to schedule.
For pictures, see: www.proximarseafood.com/news/salmon-production-initiated
For more information, please contact:
Joachim Nielsen, CEO, +81 70 2811 9898, jn@proximar.com
Pål K. Grimsrud, CFO, +47 99 47 75 99, pkg@proximar.com
About Proximar Seafood
Proximar Seafood is a Norwegian land-based salmon farming company with its first
production facility currently initiating production at the foot of Mount Fuji in
Japan. Through land-based fish farming, using high-quality ground water secured
close to Mount Fuji, the company will produce fresh Atlantic Salmon, harvested
the same day. Proximar's location, near one of the world's most important fish
markets, implies significant advantages, both in terms of reduced cost and
carbon footprint.