Proximar Seafood AS
OOSL:PROXI0.41
NOK
-0.02
(-3.73%)
Proximar Seafood AS
OSL:PROXI
(Euronext Oslo)
Recent
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0.41
P/E
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Proximar Seafood AS is a Norway-based aquaculture company specializing in the land-based farming, production, and distribution of Atlantic salmon using recirculating aquaculture system (RAS) technology. Founded in 2015 and headquartered in Bergen, Norway, the company operates primarily through its operational subsidiary, Proximar Ltd., managing a commercial land-based salmon production facility located at the foot of Mount Fuji in Oyama, Shizuoka Prefecture, Japan. Proximar Seafood provides a specialized portfolio of seafood products and aquaculture solutions, including fresh whole head-on gutted (HOG) Atlantic salmon; premium sushi- and sashimi-grade fresh salmon fillets, portions, and custom cuts; sustainably reared, antibiotic-free and microplastic-free fresh salmon for high-end retail, supermarket, and foodservice sectors; and localized cold-chain supply services delivering fresh salmon to major Japanese metropolitan markets within hours of harvesting. The company utilizes advanced closed-containment RAS technology provided by AquaMaof Aquaculture Technologies, utilizing natural volcanic groundwater from Mount Fuji to support the complete lifecycle of salmon from egg incubation, hatching, and nursery stages to commercial grow-out. In recent operational developments, Proximar Seafood completed its inaugural commercial harvest of Atlantic salmon at the Oyama facility in the second half of 2024, successfully transitioning the company from the development phase to commercial revenue generation. Concurrently, the company launched its branded salmon product line for Japanese domestic distribution and activated an exclusive multi-year sales and distribution agreement with Marubeni Corporation to supply wholesale networks, retail grocers, and restaurant chains across Japan. To support its ongoing biological scaling and production ramp-up toward an annualized Phase 1 capacity of approximately 5,300 metric tonnes, Proximar has also executed capital raises through private placements, convertible bond issues, and senior debt facilities with Japanese lending institutions.