AKVA Group ASA Secures New Multi-Million RAS Contract
AKVA Group ASA Announces New RAS Contract
AKVA group ASA has recently secured a significant RAS contract from Tytlandsvik Aqua AS for the supply of two advanced post-smolt modules. This exciting development marks a pivotal moment for the company, as it aligns with its dedication to innovative aquaculture solutions.
Key Details of the Contract
Each of the newly supplied modules will have a substantial production capacity of 1,500 tonnes. AKVA is set to initiate the design and engineering phases of this project in the fourth quarter of 2025, highlighting its commitment to a timely and efficient delivery process. The financial scope of this contract is noteworthy, with an estimated total value of NOK 220 million, further affirming the trust placed in AKVA by its partners.
Strengthening Long-term Partnerships
This recent contract continues a successful history of collaboration between AKVA and Tytlandsvik Aqua AS, as AKVA has successfully delivered all previous post-smolt modules to the company. The completion of these two new modules will enhance the overall production capacity of Tytlandsvik, bringing the facility’s total capacity to an impressive 9,000 tonnes of post-smolt at a standard weight of 1,000 grams. Such partnerships are crucial for driving innovation and efficiency within the aquaculture industry.
Future Outlook for AKVA
The continued expansion of AKVA’s operations not only demonstrates its growth trajectory but also its commitment to improving aquaculture technology and practices. As global demand for sustainable seafood increases, companies like AKVA are well-positioned to contribute to meeting this demand with their state-of-the-art solutions. Additionally, with seamless integrations of new technologies, AKVA aims to stay ahead in a competitive market.
Company Contacts
For those interested in further information about the latest developments and offerings from AKVA Group ASA, the company's key contacts are available for inquiries:
Knut Nesse - Chief Executive Officer
Phone: +47 51 77 85 00
Mobile: +47 91 37 62 20
Email: knesse@akvagroup.com
Ronny Meinkøhn - Chief Financial Officer
Phone: +47 51 77 85 00
Mobile: +47 98 20 67 76
Email: rmeinkohn@akvagroup.com
Frequently Asked Questions
What type of contract did AKVA Group ASA sign?
AKVA Group ASA signed a RAS contract for the delivery of two post-smolt modules.
What is the production capacity of each module?
Each module has a production capacity of 1,500 tonnes.
Who is AKVA's partner in this contract?
The contract is with Tytlandsvik Aqua AS.
What is the estimated value of the contract?
The contract is valued at NOK 220 million.
When is AKVA expected to commence work on this project?
Design and engineering work is scheduled to begin in the fourth quarter of 2025.
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