Norway Pelagic

Norway Pelagic ASA

Type	Limited company
Industry	Seafood, food processing
Founded	(2007 (2007))
Headquarters	Ålesund, Norway
Key people	Jørgen Güldencrone (Krupennikov) (Chairman) Tor Vikenes (CEO)
Products	Wild caught atlantic herring, atlantic mackerel and capelin, production and distribution
Revenue	NOK 3,638 mill (2011)
Net income	NOK 61 mill (2011)
Total assets	NOK 2,491 mill (2011)
Total equity	NOK 1,029 mill (2011)
Number of employees	415 (2011)
Parent	Austevoll Seafood
Website	www.norwaypelagic.no

Norway Pelagic is a producer and exporter of pelagic fish, such as atlantic herring, atlantic mackerel and capelin, caught in the seas close to Norway. Total raw material processed is on annual basis about 50% of total landings of pelagic fish in Norway processed for human consumption. Norway Pelagic ASA is listed on the and its head office is in Ålesund, Norway.

Norway Pelagic has ownership interest in 15 production plants along the Norwegian coast. Fully controlled plants are located at Sommarøy, Lødingen, Bodø, Liavåg, Selje, Måløy (3 plants), Kalvåg, Florø, Austevoll and Karmøy. Partly controlled plants are Modolv Sjøset AS, Træna (66%), Sir Fish AS, Sirevåg (60%) and North Capelin Honningsvåg AS, Honningsvåg (50%). In addition the company owns 25% of the shares of Shetland Catch Ltd, Shetland, UK. The company main operations are production of roundfrosen and fillets of atlantic herring, roundfrosen atlantic mackerel and capelin. Other products are atlantic horse mackerel, atlantic mackerel fillets, and roe from atlantic herring and capelin. Almost entire production is for export and the most important markets are Japan, Russia, Ukraine and Germany.