AKVA group - Helgeland Plast AS

What AKVA group - Helgeland Plast AS does

Helgeland Plast AS is a Norwegian industrial manufacturer and wholly-owned subsidiary of AKVA group ASA (publicly listed on the Oslo Stock Exchange), based in Mo i Rana. Founded in 1969 as a department of Helgeland Betongvarefabrikk and merged into AKVA group in 2006, the company extrudes polyethylene (PE) pipes with diameters from 20 mm to 1,200 mm and manufactures Polarcirkel-branded aquaculture sea cages (launched 1974), Polarcirkel boats (prototype 1987), and floating pontoons. The company pioneered PE plastic sea cage technology and is described as having sold tens of thousands of Polarcirkel cages to customers worldwide, holding ISO 9001:2015 and ISO 14001:2015 certifications issued by DNV.

The company's product portfolio is anchored on proprietary polyethylene processing and rigid PE pontoon technology. Core offerings include PE pipes and fittings (20-1,200 mm diameter) for industrial, construction, and aquaculture infrastructure; Polarcirkel aquaculture cages sold globally since 1974; Polarcirkel boats built on stable rigid PE pontoons with customizable configurations for aquaculture, tourism, and rescue service operators; and floating pontoon systems. Manufacturing is concentrated at a single modern factory site in Mo i Rana that was expanded in 2018 to increase production width and capacity. The company was the first ISO-certified supplier to the Norwegian aquaculture industry (1994).

Helgeland Plast operates a hardware-sales revenue model, generating income from one-time product sales across four primary verticals: aquaculture (primary), tourism, rescue and emergency services, and industrial/construction. Distribution is global through two main channels: the AKVA group webshop, which supplies components to complete tailor-made development solutions, and direct enterprise sales for large aquaculture projects and custom builds. Marketing and brand presence are executed under the AKVA group umbrella across the parent company's website and social channels (Facebook, Vimeo, YouTube, LinkedIn, Instagram). All evidence is sourced from the AKVA group / Helgeland Plast public website and corporate disclosures.

Name

AKVA group - Helgeland Plast AS

Legal name

Helgeland Plast AS

Website

https://helgelandplast.no

Company type

Private

Founded year

1969

Operating status

Operating

Short description

Helgeland Plast AS, wholly owned by AKVA group ASA and based in Mo i Rana, Norway, manufactures polyethylene pipes (20-1,200 mm), Polarcirkel sea cages and boats, and floating pontoons for global aquaculture, tourism, rescue, and industrial customers since 1969.

Ownership category

akta.pro rank

Product category

Aquaculture Plastic Equipment Manufacturing

NAICS

Plastics Pipe and Pipe Fitting Manufacturing (326122), Boat Building (336612), Aquaculture (1125)

SIC

Miscellaneous Plastics Products (3080), Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Aquaculture & Fish-Farm Service Vessels (Feed, Wellboats, Harvest Support) (IMAJADAF)

akta.pro secondary industries

Dry Docks & Floating Docks (Graving, Floating, Syncrolift) (IMAJALAA), Water Storage & Delivery Infrastructure (Tanks, Reservoir Liners, Bladders) (AFABAHAK)

Keywords

• Polyethylene pipe manufacturing
• Aquaculture sea cages
• PE plastic boats
• Floating pontoon systems
• Industrial pipe fittings

Headquarters

HQ city

Mo I Rana

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. PE Pipe and Fitting Sales: Production and sale of polyethylene pipes (diameter 20-1,200 mm) and pipe fittings for industrial, construction, and aquaculture applications. Revenue generated through one-time product sales to customers globally.
2. Polarcirkel Sea Cages: Manufacturing and sale of Polarcirkel aquaculture sea cages in PE plastic. The company launched the first PE sea cage in 1974 and has sold tens of thousands of units worldwide.
3. Polarcirkel Boats and Pontoons: Production and sale of Polarcirkel boats with rigid PE pontoons and floating pontoon systems. Products serve aquaculture, tourism, and rescue service industries.
4. Custom Development Solutions: The webshop mentions capability to supply everything from simple components to complete tailor-made development solutions, indicating custom manufacturing services.

Distribution channels2 records

Marketing channels4 records

Core offering

Helgeland Plast AS manufactures extruded polyethylene (PE) pipes (20-1,200 mm diameter), pipe fittings, Polarcirkel aquaculture sea cages (the first PE sea cage introduced in 1974), Polarcirkel boats with rigid PE pontoons, and Polarcirkel floating pontoons for the aquaculture, tourism, rescue service, industrial, and construction sectors, with global distribution from its Mo i Rana, Norway factory.

Product overview

Helgeland Plast AS is a wholly-owned subsidiary of AKVA group ASA, specializing in polyethylene (PE) plastic products for various industries. The company's core offerings include PE pipes (20-1,200 mm diameter), pipe fittings, Polarcirkel aquaculture cages (launched 1974), Polarcirkel boats, and floating pontoons. The Polarcirkel brand, which started with aquaculture cages, has expanded to include boats and pontoons, all featuring rigid PE pontoon technology. Products are manufactured in the company's modern factory facilities in Mo i Rana, Norway, and sold to customers worldwide.

Differentiator

Problem solved

Functional benefit

Products and services

• Polyethylene Pipes (PE Pipes) Extruded polyethylene (PE) pipes with diameters from 20 mm to 1,200 mm, produced at the Mo i Rana factory for industrial, construction, and aquaculture customers worldwide, used for water/wastewater systems, fluid transport, and aquaculture site infrastructure.
• Polarcirkel Aquaculture Cages Aquaculture sea cages made of PE plastic, pioneered by Helgeland Plast in 1974 as the world's first PE aquaculture cage. Designed for fish farming operations globally for durable, corrosion-resistant containment of fish stock in marine environments.
• Polarcirkel Boats Boats with stable hulls of rigid PE pontoons offering excellent sea-handling characteristics and extensive customization options. Used as work boats, transport vessels, service boats, and rescue/patrol boats across aquaculture, tourism, and emergency service industries.
• Polyethylene Pipe Fittings

Quantifiable outcome

• Polarcirkel sea cages sold in tens of thousands to customers worldwide

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• AKVA group ASAcoreStrategic or Co-development Partner · 1 January 2006Helgeland Plast AS is a wholly-owned subsidiary of AKVA group ASA. The company was merged into AKVA group in 2006 and re-established as Helgeland Plast AS in 2009 as a fully owned subsidiary. AKVA group is a leading aquaculture technology company providing solutions for sea-based and land-based fish farming.

Scale indicators5 records

Recent moves8 records

Expansion highlights3 records

Regional players

• Streng Plastic: Norwegian PE plastic manufacturer supplying pipes, tanks, and custom plastic components for aquaculture, fisheries, and industrial customers. Comparable regional peer producing PE-based products for the same Norwegian aquaculture segment.
• Steinsvik (Akva Group brand): Norwegian supplier of aquaculture equipment, sensors, and feeding systems, part of the AKVA group ecosystem. Comparable as a Norwegian-based aquaculture equipment supplier with overlapping farm infrastructure customers.
• Sperre AS: Norwegian manufacturer of ROVs and underwater technology for aquaculture and offshore inspections. Sister company within AKVA group; comparable as a Norwegian marine equipment specialist serving the same aquaculture customer base.

Direct peers

• Pipelife: European manufacturer of plastic pipe systems including large-diameter PE pipes for water, sewer, and industrial applications. Directly comparable as a competing supplier of wide-diameter PE pipe and fittings for similar industrial and water infrastructure customers.
• Egersund Net: Sister company within AKVA group ASA, manufacturing nets and net-based solutions for the aquaculture industry. Highly comparable as a sister business serving the same primary customer base (fish farms) with complementary marine equipment.
• AGRU Kunststofftechnik: Austrian manufacturer of PE and PP piping systems, sheets, and liners for industrial and aquaculture applications. Directly comparable as a producer of large-diameter PE pipes and corrosion-resistant components serving similar end-markets.
• Uponor: Nordic-headquartered manufacturer of PE and PEX pipe systems for water, heating, and infrastructure. Directly comparable in the wide-diameter PE pipe segment serving industrial, municipal, and aquaculture infrastructure markets.
• Plasson: Israeli manufacturer of PE pipe fittings, valves, and couplings for water, gas, and aquaculture. Directly comparable in PE fittings and components for aquaculture and water infrastructure, often used alongside large-diameter PE pipe systems.

Emerging players

• Wavemaster: Norwegian designer of floating wave attenuators and dock systems for marinas and aquaculture. Comparable as an emerging player in floating PE-based marine platforms used in similar aquaculture and harbor applications.

Broad incumbents

• AKVA group ASA: Parent company and global aquaculture technology provider offering sea-based, land-based, and digital farming solutions. Directly comparable as the parent platform through which Helgeland Plast distributes its cages, pipes, and boats.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCqhdETdoLQfyArYOiNI45dQ/featured
• Facebookfacebook.com/akvagroupaquaculture
• LinkedInlinkedin.com/company/helgeland-plast-as
• Instagraminstagram.com/akva_group

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AKVA group - Helgeland Plast AS