Salmon Evolution executes on Asia growth strategy – establishes joint venture with seafood giant Dongwon Industries
Molde/Ålesund/Seoul, 26 February 2021: Salmon Evolution Holding AS (“Salmon Evolution” or the “Company”, OSE: SALME) – a leading land-based salmon farming business with its first production facility under construction at Indre Harøy in western Norway – is pleased to inform that the company today has signed a Joint Venture Term Sheet with Dongwon Industries, a leading seafood company based in South Korea, for the establishment of a 49/51 joint venture, to be named K Smart Farming (“K Smart”). Key highlights: · 20,000 tons LWE production facility in South Korea using Salmon Evolution’