Pool pit excavation completed ahead of schedule

26 January 2024

Andfjord Salmon is pleased to announce that the excavation of the next 12 pool pits at Kvalnes, Andøya, has been completed one quarter ahead of schedule.

“This is a highly encouraging start that de-risks the build-out considerably by creating flexibility for the technical workstreams that are ahead of us.” says Martin Rasmussen, CEO of Andfjord Salmon.

Andjord Salmon has now excavated two rows of pools, which will house six pools each – twelve in total – equal to a total production capacity of 19,000 tonnes HOG.

In this initial build-out phase, the company will complete four concrete pools, which brings total production capacity to 8,000 tonnes HOG at Kvalnes.

“We have planned to initiate concrete works on the pools during the first quarter, which is ahead of schedule,” adds Martin Rasmussen.

The other two ongoing workstreams – the harbour area and waterways – are also progressing well.



Bjarne Martinsen, CFO, Andfjord Salmon AS, +47 975 08 345, bjarne.martinsen@andfjord.no


Martin Rasmussen, CEO, Andfjord Salmon AS, +47 975 08 665, martin@andfjord.no


Located at Kvalnes on the island of Andøya on the Arctic Archipelago of Vesterålen, Norway, Andfjord Salmon has developed an innovative and sustainable aquaculture concept for land-based farming of Atlantic salmon, based on a flow-through technology solution. The company's ambition is to build the world's most sustainable and fish-friendly aquaculture facility of its kind.

Andfjord Salmon AS is listed on Euronext Growth under the ticker ANDF.

Andfjord Salmon is a Norwegian company established in 2014. The company is listed at Oslo Stock Exchange (ANDF), and located at Kvalnes on the northernmost island of Andøya in Vesteraalen, Norway.