Vélfag in temporary shutdown
Icelandic processing equipment supplier Vélfag has been forced into a shutdown following a decision by the Ministry of Foreign Affairs to end its suspension from sanctions. Staff have been sent…
Vélfag takes complaint against Icelandic state to EFTA Surveillance Authority
Icelandic tech company Vélfag and its majority shareholder have filed a formal complaint with the EFTA Surveillance Authority (ESA) requesting an expedited infringement procedure against the Icelandic State. Earlier this…
Vélfag’s future hangs in the balance
Icelandic tech company Vélfag, which produces a range of systems for both shore-based and at-sea processing, has been granted a few days’ grace in its efforts to get sanctions lifted.…
Vélfag faces forced shutdown
Despite its importance to the country’s seafood sector and its growth in recent years, Icelandic tech company Vélfag is currently facing being forced into insolvency – due to questions over…
Vélfag faces sanctions – immediate redundancies
Icelandic seafood processing tech company Vélfag is about to make 30% of its workforce redundant as it faces sanctions related to a former shareholder, Russian seafood group Norebo, one of…
Vélfag responds to Russian connection reports
Icelandic tech company Vélfag has responded to reports that an Icelandic company has been subject to economic sanctions due to the activities of the Russian shadow fleet, stating that its…
Vélfag and Ode partner to launch first UNO processing for farmed cod
Vélfag has concluded an agreement with leading Norwegian farmed cod producer Ode to deliver its UNO fish processing system. This expansion into the farmed cod sector represents a significant milestone…
UNO processing systems for Norway
Icelandic processing systems supplier Vélfag has just dispatched one of its innovative UNO processing lines to a Norwegian producer, this time to a cod farming operation. This is in addition…
Vélfag appoints new managing director
Icelandic processing systems specialist Vélfag’s new managing director takes over his new role on 1st November, taking over from one of the founders, Bjarmi Sigurgarðarsson, who now joins the board.…
Vélfag ships first UNO processing systems
Things have been busy at Vélfag’s factory in Akureyri, as staff have been preparing the first of the three innovative UNO processing systems for export. The UNO concept incorporates all…