The application is for the establishment of offshore fish farming complex in the Estonian waters off the coast near Hiiumaa.

Saaremere Kala AS Submits Application to Establish Offshore Fish Farming Complex

Saaremere Kala AS, a subsidiary of AS PRFoods,  has submitted to the Technical Regulatory Authority a new application of building right for the establishment of offshore fish farming complex in the Estonian waters off the coast near Hiiumaa.

The application was submitted to the territories designated by the maritime plan of Hiiumaa as aquaculture territories PV3 and PV4. By the building right the permit is applied for rainbow trout farming complex in the offshore cages with the estimated annual production, i.e. growth of 2050 tons. Building right is applied for 50 years.

The Group operates fish farming, production and sales.

The Group already owns 3 fish farms in Sweden and 6 fish farms in Finland, as well as two fish production facilities in Saaremaa in Estonia and in Renko in Finland.

AS PRFoods is a well-known and environmentally friendly international company engaged in the production and sale of fresh fish and fish products globally.

AS PRFoods is engaged in the production of fish products in Great Britain, Finland and Estonia and fish farming in Sweden and Finland. The company’s products are sold in more than thirty countries on global market. 

Vettel's harbour and production complex.

The indisputable competitive advantage of the Group is its vertical integration – fish farming, production and sales. Trout farmed in the lakes of Sweden and in the archipelago in Turku area in Finland, as well as salmon imported from Norway, are processed in the modern production facilities of Heimon Kala OY in Renko, Finland and of Vettel OÜ on the island Saaremaa, Estonia.

The company’s products are sold in more than thirty countries on global market.

The Group's distribution network in Finland and Estonia enables to ensure that its customers receive fast and high quality deliveries. The Group is among the leaders of the fishing industry in the Finland retail market with its own trademarks and with private label products and also in the HoReCa sector.

About AS PRFoods

AS PRFoods is a food production company which is listed on NASDAQ OMX Tallinn Stock Exchange since May 2010. AS PRFoods is a well-known and environmentally friendly international company engaged in the production and sale of fresh fish and fish products globally.  

Preparation of trout at Vettel, Saaremaa.

In 2017, PRFoods acquired the majority shareholding in the British companies John Ross Jr. (Aberdeen) Limited (JRJ) and Coln Valley Smokery Limited (CVS). JRJ is leading global Scottish processed salmon company and Royal Warrant Holder of the British Royal Family.  The transaction increased the assortment of fish products offered by PRF group companies and expanded the geographical area to more than thirty countries of operations -  a medium-sized regional producer has become the genuine international producer of premium-grade fish products.

Trademarks of the Finnish Group include “Heimon Gourmet” and “Saaristomeren”. These are well known and appreciated fish brands, which have been a part of Finnish everyday and festive dishes. Other trademarks of the Group include “Gurmé” and “Polar Fish” that are sold in the Baltic States.

Source: AS PRFoods

Address:	Pärnu mnt 141 (Delta Plaza, 14th floor)
City:	Tallinn
State/ZIP:	(11314 )
Country:	Estonia
Phone:	+372 452 1470
E-Mail:	investor@prfoods.ee
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