A near EUR 200 million (USD 234 million) investment is being made to boost the competitiveness and market reach of Spanish canned tuna, as part of a plan to strengthen the seafood processing...
Processing
US Brands: Border Tax Could Have Killed Business
Although President Trump’s “America First” motto was at the core of his border adjustment tax (BAT) proposal, the scrapping of the plan has been fully welcomed by the group that represents the...
Investor Confidence Knocked By TU’s Weaker Profits
A recent dent in Thai Union’s usually stronger profits has further knocked investor confidence, after stockholders already showed concern over the company’s latest sustainability reforms and...
Chicken Of The Sea Pumps $1.4 Million Into US Canning Boost
Major US canned tuna firm, Chicken of the Sea, is investing USD 1.4 million into upgrades at its Lyons, Georgia based processing plant, with a new tuna canning line set to be fitted. With...
The Over 16,000km Long Journey For Vanuatu’s Tuna
Although the Pacific island nation of Vanuatu has one of the world’s most tuna-rich waters right on its doorstep, consumers in the country cannot yet get their hands on canned tuna that has...
Century Predicts Elevated Raw Mat Prices For Rest Of 2017
The leading name in Philippine tuna production, Century Pacific Food, forecasts elevated raw material prices to persist throughout the rest of 2017. But despite the challenges higher costs...
Ecuador’s Canners Want Tax Cuts To Boost Competitiveness
Representatives of the Ecuadorian tuna canning industry are calling for tax compensatory incentives from the government, which will lower their production costs and ultimately boost their...
Trader Joe’s Tries Again To Throw-Out Tuna Underfilling Case
US retailer, Trader Joe’s has tried another time to dismiss a proposed class action against it, which accuses the supermarket chain of deceiving consumers by underfilling cans of tuna. The...
Thai Union Struggles To See Attractive Investment Opportunity
Thai Union is focusing on boosting its core businesses, putting mergers and acquisitions (M&As) on the backburner, as it states that it doesn’t see attractive opportunity for investment...
Chinese Tuna Leader Seeks $1 Billion Investment
Major Chinese tuna firm Zhejiang Ocean Family, parent company of Ningbo Fengsheng, is looking for investors to finance a USD 945 million seafood processing and trading hub on the nation’s east...
Alliance Select Secures “Tie-Up” With Japanese Food Canner
Philippine tuna canner, Alliance Select International, is finalizing a business “tie-up” with Japanese firm, Kawasho Foods Corp., which will see a new product line facility established in...
Will New PNG Govt. Actually Execute “Tuna Capital” Plans?
Voting is done, but counting still continues in PNG, as the 2017 general elections take place, and the island nation waits to see which parties will form its government. With current Prime...
Workers Protest As Venezuelan Tuna Cannery Closes
The closure of a tuna cannery in Venezuela is sparking protest among employees, as they state they are entitled to work. A number of tuna processing plants have shut down in the past two years...
StarKist Samoa: US Help Vital For Cannery’s Future
StarKist’s President and CEO, Andrew Choe, is agreeing with American Samoa’s Governor that taxes are one of the main hurdles for the company’s tuna processing plant in the territory, with the...
Bolton Exec. New President Of Italy’s Canning Association
A director at Italian tuna leader Bolton Alimentari has been appointed President of Italy’s Association of Fish Canners (ANCIT), a role in which he hopes to improve the image of canned tuna in...
StarKist Samoa Could Close, Says Governor
America Samoa’s Governor has predicted the closure of StarKist’s local tuna cannery in the next five years, unless the US government intervenes. A cut in wages has been one of the proposals to...
Analysts Forecast Heavy Slump In TU Profits
Thai Union is expected to see a year on year drop of 27 percent for its second quarter net profit result, according to a leading Thai analyst firm; a slump which is almost solely credited to a...
New Thai Labor Laws Cause Exodus Of Migrant Workers
New labor regulations imposed by the Thai military government has caused a mass exodus of migrant workers from the nation. The reformed laws were put in place party to clean up issues related...
Strong Baht Knocks Thai Exports Off Target
A strong baht currency is taking bites out of Thai tuna canners’ competitive edge, according to Chanintr Chalisarapong, President of the Thai Tuna Industry Association, who states that exports...
US Domestic Production, Still Thriving?
Evidence that canned tuna production in the US is thriving, due to the competitive cost of importing pre-cooked tuna loins into the country, has not yet emerged in the latest statistics,...