Facilities
Sitka Plant
Silver Bay’s interests in Sitka are located at the Sawmill Cove Industrial Park, which is owned by the City and Borough of Sitka. This is the location of the former APC pulp mill, which was the number one employer in Sitka. While the Sawmill Cove Industrial Park has been in operation for over 7 years, just a few months into a lease that was executed in November 2006, Silver Bay has become the anchor tenant of the facility by investing more capital dollars into the site than any former tenant. This multi million dollar capital investment alone has created family wage jobs through employment with Silver Bay directly, and with the exclusively-local contracting pool.
Additionally, it has been an economic stimulus for local suppliers and vendors. Over the long term, Silver Bay’s presence will be a positive economic impact to Sitka in the form of new jobs, growth in related business interests, property taxes and new raw fish tax revenue. Silver Bay’s vision of being a cornerstone of the Sitka economy is consistent with the intent of the Industrial Park in recovering from the pulp mill closure in 1993.
During the 2011 Salmon Season, SBS Sitka employed 339 workers for fish processing and facility maintenance.
Craig Plant
In 2007, the City of Craig solicited for a lease arrangement that would result in construction and operation of both the cold storage and seafood processing plant facilities. After a successful initial year of production in Sitka, Silver Bay Seafoods submitted its own proposal for a processing and freezing facility closely patterned after the Sitka plant.
The City of Craig Assembly unanimously chose Silver Bay's proposal, recognizing Silver Bay's competitive advantages such as possessing a unique combination of ownership interests, plant efficiencies, and an ability to maximize processing capacity due to fleet commitment that all position Silver Bay favorably in the seafood industry.
In 2011, during its 2nd year of operations, SBS Craig employed 249 workers for salmon processing and equipment maintenance.
Valdez Plant
Early 2010, Silver Bay acquired the Northern Reach Seafoods facility in the City of Valdez. Large scale improvements were done at the old plant during winter and spring, transforming its daily processing capacity from 250,000 round pounds of salmon to one (1) million round pounds. Construction work included expanding the freezer capacities fourfold and bringing in new equipment to cut the salmon and preserve the roe. It was operational in time for the opening of the Prince William Sound salmon fishery. SBS Valdez employed 197 workers during the 2011 summer season.