FISKFABRIKEN, Land-based industrial aqua farming in Åland Islands –The first RAS-production of rainbow trout in the Baltic Sea area

11.02.2014

Fifax Ab is planning to build a land-based RAS-facility (Recirculating Aquaculture Systems) in Åland Islands, with the intention to conduct industrial aqua farming of rainbow trout. The project is a significant investment in Åland. Helmet Business Mentors Oy and investors presented by Helmet with Government of Åland, solid insurance companies and the EU fisheries fund are behind the project.

The facility will become one of the most significant Nordic producers of rainbow trout and it’s annual production volume will be approx. 3 000 tons of fish. The RAS-technology is a modern, the most environmentally friendly and efficient method of producing premium quality rainbow trout. The supplier of the facility is Norwegian listed company, AKVA Group, which is the global leader in delivering technology to the aquaculture industry. Deliveries will take place all year round and the environmental friendliness is a strong competitive edge. In addition, customers' requirements for quality, transparency, green values ​​and sustainable development continue to grow.

The building process will start in 2014 and the deliveries of first rainbow trouts to customers will start at the end of the year 2015. ” Our goal is to create a high-quality product and quality and availability aspects are competitive advantage in the long-term. Finnish rainbow trout market is well developed and is growing steadily. Domestic industry, distribution channels and end customers know the product very well”, says Pontus Nikula, CEO of Fifax Ab. "The green values ​​and the Ålands support of industrial fish farming attracted our interest. We are convinced that there is a demand for high-quality product which is produced by using modern, the most environmentally friendly and efficient method." Pentti Kulmala, Helmet Capital's Partner says.

 Additional Information:

Fifax Ab, CEO, Pontus Nikula, tel. +358 50 374 0837

Helmet Business Mentors Oy, Partner, Pentti Kulmala, tel. +358 400 321 554