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Icelandic Nets Big in Australia

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Icelandic Nets Big in Australia

fishing boat

An Icelandic fishing trawler. Photo: Páll Stefánsson.

Hampiðjan, a major Icelandic supplier of ropes, rigging and fishing gear, has struck a deal with one of Australia’s biggest fishing companies for the purchase of 120 prawn fishing nets. The deal has helped push Hampiðjan to the number one slot as the biggest company of its type in Australia, its CEO says.

Hampiðjan opened an Australian branch in October 2015 and, in the short time since, has wooed all the country’s major fishing companies to do business with nobody else—making it a leader in the Australian trawler industry, CEO Þorsteinn Benediktsson says.

RÚV reports that Hampiðjan is now eyeing expansion opportunities away from fishing. They see particular opportunity in the Australian mining, oil and gas industries.

As well as nets, Hampiðjan supplies super-strength ropes, made from material stronger than steel. Such ropes could bear the weight of the monster trucks used in Australian mines and quarries, it is claimed—each weighing hundreds of tons.

There is also a large shipping industry in Australia, carrying oil, shipping containers, and more, which Hampiðjan is interested in working with on dockside fastenings and towing ropes.

Hampiðjan started in Reykjavík in 1934 and has since expanded globally.

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