Industry SeafoodFishing Operating income Number of employees 1,962 | Area served Worldwide Revenue 4.976 billion DKK (2012) Founded 1990 Net income 136 million DKK (2012) | |
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Key people Niels Harald de Coninck-Smith (Chairman)Mikael Thinghuus (CEO) Products SeafoodCaviarCommercial fishingFish processingConvenienceSmoked and Marinated fishDried fish | ||
Royal greenland responsible fishing
Royal Greenland A/S is a fishing company in Greenland, spun off from Kalaallit Niuerfiat in 1990 but still wholly owned by the Government of Greenland. The company operates in a number of towns and settlements in Greenland, with 20 fish processing plants and ship bases of local subsidiary units. Some of the processing plants were closed between 2007 and 2009.
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History
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, first renaming it "Kalaallit Niuerfiat" and then, in 1992, "KNI". The company's fishing operations were spun off as Royal Greenland A/S in 1990.
As of 2010, Royal Greenland's privatization is delayed by negative financial results and competition concerns.