Deputy General Manager of Thai Union Manufacturing Co., Narin Niruttinanon, has taken over 50 percent of a top league English football club, Reading FC, according to the BBC. Reading, which is...
Processing
How Hard Will Philippines GSP+ Hurt Africa?
Currently, the Philippines is awaiting final decisions from the EU Parliament, as to whether the Asian nation will be granted GSP+ status, and therefore a zero percent duty charge on all...
Bids From Mitsubishi & Post Holdings On Bumble Bee
Having been on the auction block since July, Bumble Bee Seafoods has attracted a lot of interest, including bids from top tuna industry companies. Now, the Mitsubishi Corporation and Post...
Century Pacific Invests In Warehousing Company
The Philippines’ largest canned tuna producer, Century Pacific Food Inc. has delved into the warehousing business with the incorporation of Allforward Warehousing (AVI), its wholly-owned...
Analysts Put TUF Stock On BUY
Thai analysts have positive forecasts for TUF’s earnings recovery, expecting it to continue playing out through the second half of 2014 (2H14). Bigger branded tuna margins predicted throughout...
Easy Open & Health Focus Of New Century Commercial
Century Tuna, the Philippines’ largest canned tuna company, has released its 2014 TV ad for canned tuna flakes in vegetable oil, with a continued effort to promote healthy eating. The...
Firm To Invest 100 Million In American Samoa Plant
A Filipino engineering company is set to invest millions of dollars in a fresh venture planned for American Samoa. The new plant, expected to create up to 1,000 local jobs, will likely have...
Anfaco Denies Requesting Higher Loins Quota
This week, various Spanish press outlets reported that Anfaco-Cecopesca, the Spanish National Association of Manufacturers of canned seafood, had issued a request for an increased duty-free...
Tropical Canning Shares Keep Up High 1 Yr-Return
Following bullish behavior on the Bangkok Stock Exchange in recent months, shares in Tropical Canning Thailand have sustained significant strength, giving investors a positive +63.88 percent...
EU And West African Trade – Not All Smiling Faces
West African nations could be in line for significant trade benefits as leaders in the continent are in the process of signing an Economic Partnership Agreement with the EU, including free...
Thailand Canned Tuna Exports To EU Down 24%
Following the usual seasonal fluctuations, global exports of canned tuna by the Thai tuna industry from January to August have increased 9 percent compared with the same period in 2013....
Frinsa Considers 80% Stake In Thenaise Provote
The Galician tuna manufacturer, Frinsa has been in negotiations to acquire 80 percent of the Thenaisie Provote (THP) group, which owns canned brands such as Grandes Hoteles, Pombina, Tapas,...
TUF Acquisitions Fuel 2014 Record Share Price?
TUF has been quite active on the acquisition front recently, snapping up assets to expand its business. In just one month, the Thai tuna processing firm entered into agreements that will...
Albacore Price Rise Halts In American Samoa
After worrying lows towards the end of 2013, a slow but steady rise in the price of canning-grade albacore in American Samoa shone a more positive light on the market. However, after around...
Chinese Sign Deal For Tuna Plant in Lae
Papua New Guinea is set to get a brand new on shore tuna processing plant worth USD 22 million. According to Islands Business, Hailisheng Group Company Limited and the PNG government have...
Low Tuna Activity At Barcelona Seafood Expo 2014
Marking its third edition, Barcelona’s Seafood Expo Southern Europe 2014 has got off to a flying start, boasting around 165 exhibiting companies. The three day event, formally known as Seafood...
PNG Official: High Costs Cause Of Raw Mat Moving To Thailand
The PNG Government needs to do a lot more work if it wants to improve the nation’s fisheries. This is the view of Job Pomat, Chairman of the board of the country’s National Fisheries...
Portuguese Tuna Exports Continue To Rise
Recent studies show that tuna exports represented 25 percent of Portugal’s total annual seafood exports in 2013, indicating a 27 percent growth in tuna export volumes since the previous year....
New Tuna Cannery Opens In Brazil
This week sees the opening of the first canned tuna and sardine factory in the northeast region of Brazil. The cannery has the capacity to produce around 10 million cans of fish every month,...
TUF Fails To Mention Its “Utmost Important” Certification
When Thai Union Frozen Products (TUF) released its first ever sustainability report this year, it detailed numerous measures taken towards sustainability development, including a number of...