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The Nordic Region
2001 was a good year for Bakkavör in the Nordic
countries. Bakkavör Iceland almost doubled its sales
and the increase in Bakkavör Sweden’s sales was just
over 16%. These two companies account for most of the
Company’s production of chilled value-added seafood,
and the Nordic Region now accounts for 13% of our
total sales following the acquisition of KFF.
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Bakkavör Iceland’s main product categories are cod roe,
lumpfish roe and capelin roe, in addition to herring. The
Icelandic plant processes a substantial quantity of raw
material for export and further processing in the
Company’s plants in Sweden and France. Bakkavör
Iceland has also become one of the major buyers of
herring in Iceland, with thousands of tons bought and
processed for shipment to Bakkavör Sweden where
further processing takes place.
Bakkavör Sweden maintained its position as Sweden’s
second largest manufacturer of chilled value-added
seafood. The principal products of Bakkavör Sweden are
marinated herring, spreads in tubes and roe-products.
All of the main product categories showed a healthy
growth in the year.
In the course of the year, a subsidiary was established
in Finland, Bakkavör Finland, which will be responsible
for distribution and logistics relating to Bakkavör’s products
in Finland. Bakkavör has been selling its products
in Finland for years, but sales and marketing were previously
handled mostly by Finnish agents.