Crystal clear Atlantic waters offer the perfect conditions for raising healthy fish of exceptional quality, with sea in open and deep Icelandic fjords always fresh due to circulating currents. The company uses no additives such as antibiotics, chemicals or delousing, and no anti-fouling on nets, as these are not needed in the exceptional conditions of cold clean Icelandic waters. The company's competitive advantage lies in premium product quality, sustainable operations, and geographic scale consolidation.
Cyborg Score Rationale
In 2023, Ice Fish Farm's harvest totaled 4,000 MT following an ISA outbreak, but the company expects to harvest 21,500 MT in 2024. The company maintains market-leading position through successful Laxar integration and ASC sustainability certification pursuit, though biological risk remains a sector challenge.
Top Insights
Ice Fish Farm has the largest share of Atlantic salmon farming licenses in Iceland with up to 43,800 metric tons (MT) maximum allowable biomass (MAB) available.
The company is rebranding from Ice Fish Farm to Kaldvik and proposed this change at its annual general meeting on 20 June 2024.
Ice Fish Farm is undergoing an initial ASC (Aquaculture Stewardship Council) audit to assess company practices and ensure good quality, environmental and social sustainability, and responsible aquaculture practices.
The company is fully integrated with control over all parts of the value chain.
Named Competitors
Arctic char and salmon farming — Icelandic aquaculture producer