Cermaq is a company which farms salmon and trout in

Norway Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and t ...

Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...

and

Chile Chile, officially the Republic of Chile, is a country in the western part of South America. It is the southernmost country in the world, and the closest to Antarctica, occupying a long and narrow strip of land between the Andes to the east a ...

. In 2017 the farming business had sales of around USD 1,1 billion, and a total sales volume of 157,800 tonnes. Cermaq is a fully owned subsidiary of

Mitsubishi Corporation is Japan's largest trading company (sogo shosha) and a member of the Mitsubishi keiretsu. As of 2022, Mitsubishi Corporation employs over 80,000 people and has ten business segments, including finance, banking, energy, machinery, chemicals, an ...

. The company has its headquarters in

Oslo Oslo ( , , or ; sma, Oslove) is the capital and most populous city of Norway. It constitutes both a county and a municipality. The municipality of Oslo had a population of in 2022, while the city's greater urban area had a population of ...

, Norway.

Operations

Cermaq produces

Atlantic salmon The Atlantic salmon (''Salmo salar'') is a species of ray-finned fish in the family Salmonidae. It is the third largest of the Salmonidae, behind Siberian taimen and Pacific Chinook salmon, growing up to a meter in length. Atlantic salmon are ...

coho The coho salmon (''Oncorhynchus kisutch;'' Karuk: achvuun) is a species of anadromous fish in the salmon family and one of the five Pacific salmon species. Coho salmon are also known as silver salmon or "silvers". The scientific species name is ...

and

trout Trout are species of freshwater fish belonging to the genera '' Oncorhynchus'', ''Salmo'' and ''Salvelinus'', all of the subfamily Salmoninae of the family Salmonidae. The word ''trout'' is also used as part of the name of some non-salmoni ...

. In Canada the operations are on

Vancouver Island Vancouver Island is an island in the northeastern Pacific Ocean and part of the Canadian Provinces and territories of Canada, province of British Columbia. The island is in length, in width at its widest point, and in total area, while are o ...

with offices located in Campbell River and

Tofino Tofino ( ) is a town of approximately 2,516 residents on the west coast of Vancouver Island in the Canadian province of British Columbia. The District of Tofino is located at the western terminus of Highway 4 on the tip of the Esowista Penins ...

. In Norway the company has operations in

Nordland Nordland (; smj, Nordlánnda, sma, Nordlaante, sme, Nordlánda, en, Northland) is a county in Norway in the Northern Norway region, the least populous of all 11 counties, bordering Troms og Finnmark in the north, Trøndelag in the south, N ...

and

Finnmark Finnmark (; se, Finnmárku ; fkv, Finmarku; fi, Ruija ; russian: Финнмарк) was a county in the northern part of Norway, and it is scheduled to become a county again in 2024. On 1 January 2020, Finnmark was merged with the neighbouri ...

while the sea operations in Chile are in Region X, XI and XII, headed out of

Puerto Montt Puerto Montt (Mapuche: Meli Pulli) is a port city and commune in southern Chile, located at the northern end of the Reloncaví Sound in the Llanquihue Province, Los Lagos Region, 1,055 km to the south of the capital, Santiago. The commune spa ...

. The total production of salmon was 157,800 tonnes in 2017. Cermaq has is committed to contributing to the UN's Sustainable Development Goals. Cermaq aims to certify all its farming sites to the Aquaculture Stewardship Council salmon standard for responsibly farmed salmon.

History

Cermaq was founded as Statkorn Holding when the commercial division of Statens Kornforretning (now Statens Landbruksforvaltning) was demerged and made a limited company in 1995. The company operated

grain A grain is a small, hard, dry fruit (caryopsis) – with or without an attached hull layer – harvested for human or animal consumption. A grain crop is a grain-producing plant. The two main types of commercial grain crops are cereals and legum ...

wholesaling Wholesaling or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional or other professional business users; or to other wholesalers (wholesale businesses) and related subordinated services. In g ...

. In 1996 the company started to purchase NorAqua, a fish food producer, and in 1998 Cermaq started purchasing fish farms. In 2000, the government sold the first 20% of the company. Through the 2000s, Cermaq has sold its original grain wholesaling divisions and entered the seafood and fish food market. It was listed on Oslo Stock Exchange in 2006. Cermaq's feed business unit EWOS was sold in 2013. In October 2014, the acquisition of the firm was completed by

for $1.4 billion.Mitsubishi gets 91 percent of Cermaq in bid
.

Reuters Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was estab ...

, 21 October 2014

References

External links

* {{Authority control Food and drink companies of Norway Formerly government-owned companies of Norway Companies established in 1995 Companies formerly listed on the Oslo Stock Exchange