Polarctic Seafood in Finnmark Goes Bankrupt
A Polish salmon freezing company in Finnmark has declared bankruptcy.
Polarctic seafood has a 4000 s meter factory in the town of Loppa, in Finnmark in Norway.
The company specializes in freezing, filleting, and producing salmon portions. It is owned by the Polish company Arctic Trading, and was established n 2014.
Last summer the company applied for a voluntary debt settlement, which under Norwegian law gives a company six months to restructure and fulfill its payment obligations. However the drop in salmon prices has led to difficulties...
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