From an equity placement deal focused on boosting the company’s stock trading liquidity, Century Pacific Food, controlled by the Po family, has raised PHP 2.7 billion (USD 60.4 million). ...
Tuna Processing News
Canners Screaming For Permits To Import Pre-cooked Loins
Stressing that there is enough domestic processing capacity to cover national consumption, Venezuelan tuna canners are almost screaming for the government to urgently approve import permits...
Vietnamese Fresh/Frozen Tuna Producer Certified FOS
Tuna and swordfish from approved Friend of the Sea fleets, and processed by Nha Trang Bay Joint Stock Company are now authorized to carry the FOS eco-label. The Nha Trang Bay processing plant,...
PAFCO To Bridge Tuna Lulls With New Cold Storage
Limited availability of albacore could be a thing of the past for PAFCO as it is set to receive a 4,000 metric ton coldstore freezer warehouse at its Levuka plant in Fiji. With construction...
11% Stake In Century Goes To Major Global Investment Fund
Getting its hands on a minority stake of the Philippines’ leading canned tuna producer, Arran Investment Private has snapped up an 11 percent stake in Century Pacific Foods. Century has seen...
Minimum Wage Hike Could Drive Canners Away
The future competiveness of American Samoa’s tuna canning industry could be in jeopardy if planned minimum wage hikes are to dramatically increase operational expenses. In an ongoing...
Rocky 2015 Start For Thai Canners
Suffering a seven percent YoY drop, Thai canned tuna exports have fallen to their lowest level in at least four years, with canners in the country getting off to a rocky start in 2015. From...
Leading Phil Canner Gets Off To Strong Start
Thanks to robust demand for branded product, the Philippines leading canned tuna producer has announced a positive profit result for the first quarter of the year, up a substantial 37 percent...
Investors Appear Unfazed By Thai Yellow Card
Despite concerns from TUF that EU customers are already on the look-out for alternative supply, it seems investors are less fazed by the Thai yellow card. With no significant movement in...
BB Working To Get Samoa Loining Plant Back On Track
After going on hold for quite some time, Bumble Bee seems keen to get its Samoa tuna loining plant plans back on track. Following a meeting with Bumble Bee representatives, Samoa Prime...
Tuna Sperm, The New Foie Gras?
A specialty dish that is normally known to use fatty goose and duck liver has now evolved in a new unusual trend; its main ingredient has been replaced with tuna sperm, which makes for a...
Bumble Bee & 2 Employees Charged In Factory Accident Death
Bumble Bee Foods LLC and two of the company’s workers have been charged with willfully violating worker safety rules, allegedly causing the 2012 death of an employee who became trapped inside...
Bolton Buys Isabel?
After recently being tipped as a potential buyer, news is coming from several sides that Bolton Group has snapped up Spanish canned tuna producer, Conservas Garavilla. In contacting Garavilla,...
Turkish Mini Cannery Investment Seems “Unbelievable”
Following reports of plans for mini tuna canneries to be constructed in the Solomon Islands, for some, the proposed investment from a Turkish-based firm seems “quite unbelievable.” Reported...
Turkish Firm Plans To Build Mini Canneries In Solomon Islands
As part of a full-blown investment plan, a Turkish company says it will establish mini tuna canneries in the Solomon Islands. The Nazar Group of Companies has stated it will be injecting a USD...
Albacore Makes Up 80% Of Traditional Tuna Producer’s Turnover
For over 100 years, a small tuna processor in Bermeo, north Spain, has specialized in bonito del norte (albacore) fishing in European waters, and in the last few decades, has had to adapt to a...
Analysts Disagree On Thai Union Profit
There is little consensus in recent financial forecasts, as analyst predictions differ strongly on short-term earnings for Thai Union Frozen Products. Despite bullish profit estimations from...
Filipino Canned Tuna Just Got Sexier
The Philippines leading canned tuna producer has just topped its own ‘sexy’ scale by securing the endorsement of one of FHM’s ‘sexiest women in the world’ and launching a tuna commercial for...
“Shrinkflation” John West Reduces By 13%
Reported to be following the actions of other firms, John West has joined the ‘shrinkflation’ trend and has been seen to lower the weight of tuna in its canned products. Consumers are getting...
Market Leader More Than Doubles Net Income
Driven primarily by its branded business, one market leader has more than doubled its net income YoY, with 2014 figures climbing a bullish 112 percent. The firm has benefitted from declining...
