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4 Oct 2025 3:50
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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


    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
     03 Oct: AEC launches legal action against man accused of distributing unauthorised pamphlets attacking Allegra Spender
     03 Oct: A view that more EV brands flooding New Zealand will be a real test for the domestic market
     03 Oct: Could Warehouse stores gradually become more like supermarkets?
     03 Oct: The Warehouse Group isn't ruling out more job cuts as it looks to reduce costs and raise operating margins
     03 Oct: Christchurch Police have arrested three 14-year-olds linked to commercial burglaries, dangerous driving, and vehicle thefts across the city this week
     03 Oct: An 800-thousand-dollar budget for the review of New Zealand's electricity system
     02 Oct: The Warehouse Group's chief executive says the retail giant has the ingredients to make a major comeback
     Top Stories

    RUGBY RUGBY
    The final weekend of the Rugby Championship will go down to the wire, with just a point separating the table-topping Springboks and the All Blacks ... and with the Wallabies only three points behind them More...

    BUSINESS BUSINESS
    AEC launches legal action against man accused of distributing unauthorised pamphlets attacking Allegra Spender More...


     Today's News

    		 Cricket:
    Black Caps white-ball captain Mitch Santner is supporting the constant flow of major events in the modern cricket calendar 21:57

     Entertainment:
    Julie Chen Moonves felt that The Talk became a "different show" after she left 21:43

     Rugby:
    The final weekend of the Rugby Championship will go down to the wire, with just a point separating the table-topping Springboks and the All Blacks ... and with the Wallabies only three points behind them 21:17

     Entertainment:
    Keith Urban's friends were not surprised by his split from Nicole Kidman 21:13

     International:
    Australian Jewish community devastated by attack at UK synagogue that shows 'the risk is real and the fears are justified' 21:07

     Politics:
    Manchester Police name UK synagogue attacker as Israel calls for action on antisemitism 20:57

     Politics:
    Rabbi and security hailed as heroes after they stopped attacker getting inside Manchester synagogue 20:47

     Entertainment:
    Kelly Clarkson cried during her talk show's return to air 20:43

     Entertainment:
    Glen Powell "gave up alcohol" for his role in Chad Powers 20:13

     Entertainment:
    Aimee Lou Wood has no regrets about calling out a "mean" Saturday Night Live sketch that poked fun at her teeth 19:43

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