Royal Greenland

Royal Greenland
Aktieselskab, Food cooperative
Industry Seafood
Fishing
Founded 1990 (1990)[1]
Headquarters Nuuk, Greenland
Area served
 Worldwide
Key people

  • Niels Harald de Coninck-Smith (Chairman)
  • Mikael Thinghuus (CEO)
Products Seafood
Caviar
Commercial fishing
Fish processing
Convenience
Smoked and Marinated fish
Dried fish
Revenue Increase DKK 4,976 million (2012)
Increase DKK 241 million (2012)
Increase DKK 136 million (2012)
Total assets Decrease DKK 1,314 million (2012)
Total equity Increase DKK 1,009 million (2012)
Number of employees
 1,962 (2012)
Subsidiaries
Website royalgreenland.com
Footnotes / references
(2012[2])

Royal Greenland A/S is a fishing company in Greenland, spun off from Kalaallit Niuerfiat in 1990[1][3] but still wholly owned by the Government of Greenland.[2] The company operates in a number of towns and settlements in Greenland, with 20 fish processing plants and ship bases of local subsidiary units.[4] Some of the processing plants were closed between 2007 and 2009.[5]

History

HDMS Akamalik, a Royal Greenland vessel, anchored in Sisimiut.

The Royal Greenland Trading Department was founded in 1774 as a Dano-Norwegian state enterprise charged with administering the Danish settlements and trade in Greenland. The company's monopoly was finally ended in 1950 and the Home Rule Government, introduced in 1979, gained control in 1986,[6][7] first renaming it "Kalaallit Niuerfiat"[3] and then, in 1992, "KNI".[8] The company's fishing operations were spun off as Royal Greenland A/S in 1990.[1]

As of 2010, Royal Greenland's privatization is delayed by negative financial results[9] and competition concerns.[10][11]

See also

References

  1. 1 2 3 Royal Greenland. "Our History". Accessed 27 August 2010.
  2. 1 2 Royal Greenland. "". Accessed 2 May 2012.
  3. 1 2 Culture Greenland. "Preliminary Studies in KGH's Photo-Archive". Accessed 2 May 2012.
  4. ↑ Royal Greenland. "Our Greenlandic production facilities". Accessed 27 Aug 2010.
  5. ↑ Sermitsiaq. "Royal Greenland closes fish purchasing facilities". 19 Jan 2009. Accessed 27 Aug 2010.
  6. ↑ MIPI. "Pilersuisoq KNI A/S". Accessed 2 May 2012. (Danish)
  7. ↑ Dahl, Jens. Saqqaq: An Inuit Hunting Community in the Modern World. Univ. of Toronto Press, 2000.
  8. ↑ KNI. "Kort historie om KNI [A Short History of KNI]". Accessed 28 Apr 2012. (Danish)
  9. ↑ Sermitsiaq. "Royal Greenland kæmper for livet". 9 Mar 2010. Accessed 27 Aug 2010. (Danish)
  10. ↑ Sermitsiaq. "Privatisering ligger ikke lige om hjørnet". 20 Apr 2010. Accessed 27 Aug 2010. (Danish)
  11. ↑ Sermitsiaq. "Fiskere: Royal Greenland på private hænder". 23 Apr 2010. Accessed 27 Aug 2010. (Danish)
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