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First Norwegian fish-processing factory opens in Murmansk

Gigante Murmansk, the first Norwegian fish-processing factory, has opened in the Russian polar city of Murmansk.

MURMANSK, 5 October 2002. /from RIA Novosti correspondent Elena Denisenko/. - Gigante Murmansk, the first Norwegian fish-processing factory, has opened in the Russian polar city of Murmansk.

A representative of the new company's management told RIA Novosti that the project had been funded by the Gigante company, one of the leaders in Norway's fish-processing industry.

To date, the Gigante has invested 24 million Norwegian krones into the project whose payback period is estimated to run from 5 to 7 years.

The factory is fitted out with advanced sorting and refrigerating equipment and has a processing capacity of 500 kg of fish a day.

"The factory will follow a specific pattern of operation, with raw fish being supplied by Norwegian fishermen from their assigned quota and the final product totally sold in the Russian domestic market," Alexander Kovalyov, director of the Gigante Murmansk factory, told RIA Novosti.