Foreign investors to set up water production on Snæfellsnes Skip to content

Foreign investors to set up water production on Snæfellsnes

A new production plant for bottled water is due to rise in the village of Rif, on the Snæfellsnes peninsula, creating 48 jobs, according to a report in today’s Fréttabladid. The venture is under the auspices of the company Íslind, a subsidiary of the British-owned Icelandia Plc. Some ISK 2.7 billion [USD 37 million] in share capital has been raised from foreign investors and investment funds.

“We have the capital we need to start operations. We have without a doubt the best water sources in the country and thus a highly marketable image. We have an excellent marketing staff and agreements have been signed. We’re on our way,” says Birgir Viðar Halldórsson, one of four spokesmen for Íslind. He adds that the number of jobs will have grown to around 70 in six to eight months’ time and will continue to increase after that. Production at the plant is set to begin in the first quarter of next year.

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