Up to 35% of Leroy salmon to be shielded by end of 2024 says CEO 

Editorial Staff

The company’s first harvest of shielded salmon is expected to be in the third quarter of 2024. 

Norwegian salmon farming giant Leroy is targeting up to 35% by end of 2024 CEO Henning Beltestad told attendees at the North Atlantic Seafood Forum in Bergen on Thursday.

“We invested NOK 200 million ($20 million) last year in shielding technology,” said Beltestad. “We are seeing very good results from submerged cages with zero lice treatments. We see improved fish welfare with high survival rates.

As much as 12% of all Leroy stock was shielded by end of 2023, with the number set to hit 20% by end of q1 2024, according to a presentation given by the Leroy CEO.

“Our target is to hit 35% by end of 2024,” said Beltestad.

“The target is to increase volumes to 205,000 tons by 2025. We are on track for that but it is not a quick fix, it is a long term journey we are on. Imporved genetics expected to contribute to higher growth rate in the sea.”

The company is targeting an increased trout harvest of 75,000 tons by 2025. Trout production is performing better than salmon for Leroy, according to the presentation.


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