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Royal Greenland logo on their fish processing factory and local base in Sisimiut port, Greenland.
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| Type | Aktieselskab |
|---|---|
| Industry | Fishing |
| Founded | 1990[1] |
| Headquarters | Nuuk, Greenland |
| Area served | Greenland |
| Key people | Mikael Thinghuus (CEO) |
| Products | fishing, fish processing |
| Revenue | DKK 4,724 million |
| Net income | DKK 79 million |
| Employees | 1,888 |
| Subsidiaries | Royal Greenland Seafood A/S Nuussuaq Fish ApS Sandgreen ApS 7170629 Canada Inc. Ittu A/S Kuunnaat Trawl A/S Gaia Fish A/S (50%) Ice Trawl Greenland A/S (50%) &c. |
| Website | royalgreenland.com |
| References: (2011[2]) | |
Royal Greenland A/S is a fishing company in Greenland, spun off of Kalaallit Niuerfiat in 1990[1][3] but still wholly owned by the Greenland Home Rule Government.[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]
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]
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