05.01.2024

Production update Q4 2023

Biomass development in line with expectations

Proximar Seafood AS is announcing its second production update following the successful initiation of production of Atlantic salmon in its Oyama-facility in Japan in October 2022.

At the end of Q4 2023, the Company had a standing biomass of 40,7 metric tonnes, up from 11,5 metric tonnes at the end of Q3.

“We are very pleased to see the positive development in our biomass continuing through the fourth quarter, in-line with our expectations. In December we also transferred the first fish to our grow-out facility, which was another major milestone. Ahead of this, we reduced temperatures in the nursery department to lower growth rate and secure adequate flexibility for the timing of this transfer. During start-up of the grow-out facility we have limited feeding capacity until the biofilter is matured. The combination of this impacted growth slightly. However, we remain on track for first harvest in the third quarter this year”, says Joachim Nielsen, CEO of Proximar.

Proximar has based its salmon farming facility on the RAS-technology, which already for several years has produced Atlantic salmon at AquaMaof’s site in Poland. The Company has currently ten batches in production. The targeted long-term harvest level for Proximar is 5 300 tonnes (HOG) per year in Phase 1.

Please click here for  further details. Proximar’s full Q4 2023 report will be released on 23rd February 2024.

For more information, please contact:

Joachim Nielsen, CEO, +81 70 2811 9898, jn@proximar.com

Ole Chr. Willumsen, CFO, +47 48 21 34 29, ocw@proximar.com

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