StockMarketWire.com - Benchmark Holdings said it had started producing salmon eggs at its new £40m land-based breeding facility in Salten, Norway.

The increased capacity would allow Benchmark to supply the global market with biosecure eggs year-round, which it said offered a significant advantage for producers only possible with land-based production.

The new facility, which Benchmark said was delivered on-time following two years of developed, would increase the company's in-house capacity by 75%.

Sales of fertilised eggs would commence in November 2018 and additional fish would be brought into the facility to ramp up volumes throughout 2019.

'As anticipated, initial sales will benefit the 2019 financial year, with full production capacity expected by 2021,' Benchmark said.

The company said it expected to issue a trading update towards the end of September.


At 3:07pm: [LON:BMK] Benchmark Holdings Plc share price was +3p at 62p



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