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      Home > News > Business

    A new open ocean aquaculture farm's anticipated to bring in annual revenue of 350 million dollars when fully operational

    A new open ocean aquaculture farm's anticipated to bring in annual revenue of 350 million dollars when fully operational

    9 September 2025
    The King Salmon Investments Limited board spent over eight-million-dollars on the site at Blenheim's Cloudy Bay Business Park to replace its Nelson-based factory.

    When fully operational, the farm will have capacity to produce 10-thousand metric tonnes of King salmon.

    Any potential changes are at least three years away.

    © 2025 Newstalk ZB, NZCity


     Other Business News
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     10 Sep: The Climate Minister's adamant another blank Emissions Trading Scheme auction should not be seen as a failure
     10 Sep: The number of Kiwis moving offshore has reached a new record high
     10 Sep: Ange Postecoglou returns to Premier League management with Nottingham Forest after Nuno Espírito Santo sacking
     10 Sep: Optimism from our red meat sector but an acknowledgement, that challenges remain
     09 Sep: The New Zealand Super Fund's bucked economic trends
     09 Sep: Transpower's applying for Commerce Commission approval to invest 1.1 billion dollars in replacing ageing electricity cables linking the North and South Islands
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