Impact on Cermaq from the earthquake in Chile
(Thomson Reuters ONE) -
(Oslo 15.3.2010) The impact on Cermaq's operation in Chile from the earthquake
27( th) February is now fully assessed. No employees or their closest families
were injured. There were limited damage on the feed plant in Coronel, and feed
production started again Friday 12( th) March 2010. The financial impact on
Cermaq's results is not expected to exceed NOK 15 million.
After testing of all equipment in the plant, the production started Friday with
four production lines running double shifts through the week end, and the plant
is now running at normal activity level.
EWOS Chile will from now on be self sufficient on feed deliveries, combining
this new production with the stocks existing inventory and volumes already
supplied from an external supplier. We expect to be self sufficient on all feed
products from next week.
Reconstruction of the limited damage to the plant will be started in due course.
The company's insurance covers damages to our factory caused by earthquakes.
As earlier stated the impact on Mainstream's farming operations was limited, and
operations are running as normal.
Total financial impact of the earthquake is not expected to exceed NOK 15
million and is mainly related to EWOS' operations.
Further information - please contact:
Lise Bergan, Corporate Affairs Director, phone: + 47 23 68 50 30, mobile: +47
93 25 11 14
Tore Valderhaug, CFO, phone: + 47 23 68 50 38, mobile: +47 99 56 09 25
About Cermaq
Cermaq is an international group of companies with activities in fish farming,
production of salmonid feed and research in aquaculture. Cermaq has operations
in Norway, Chile, Canada and Scotland, the main geographic regions for salmon
and trout farming. Through its EWOS subsidiary, Cermaq ranks as the world's
second largest producer of feed for salmonids. The Mainstream subsidiary is one
of the world's leading farming companies of salmon and trout. The group had
sales of around 9 billion in 2009, and employs approximately 3 300 people.
Cermaq is listed on the Oslo stock exchange with ticker code CEQ
www.cermaq.com
[HUG#1393872]
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Datum: 15.03.2010 - 06:32 Uhr
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