|
Friday, April 28, 2006
Another Pinoy-owned tuna plant rises in Papua New Guinea
BUOYED by the success of RD Fishing, another Filipino-owned company has established a tuna canning plant in the Pacific island Republic of Papua New Guinea.
Frabelle Fishing Corporation recently launched its US$31.25 million tuna cannery in Lae City, Morobe province.
Frabelle senior vice president Augusto Natividad reportedly said the firm is planning to build a shipyard facility worth between US$10 million to US$15 million.
"The tuna cannery plant is now operational although we are still in the first stage of developing it. Full scale operation may take place in the next couple of months," he was quoted as saying.
The firm had already spent about US$10 million to develop the tuna cannery plant, the third fishing cannery in Papua New Guinea.
The other tuna cannery is owned by the General Santos city-based RD Group of Companies, while the other one, Besta, is owned by Malaysians and into the processing of mackerel.
Frabelle signed agreements with the Papua New Guinea national government and the Morobe provincial government to operate the tuna cannery plant.
Natividad said the plant is processing cooked tuna loins and would later venture into tuna canning when their plant is fully completed.
He added they are now capable of processing 40 tons of raw tuna per day.
Reports said the firm would gradually build up to 100 tons a day over 12 months.
In the Philippines, Frabelle produces the "Isabella" canned sardines through outsourcing arrangements with various local processors, he said. (RBS)
For Bisaya stories from General Santos.Click here. (This section is updated every Monday)
(April 24, 2006 issue)
Write letter to the editor.Click here.
Join the Sun.Star message board.Click here. |
|
[return to top]
[home]
[network page]
|
LOCAL NEWS
BUSINESS
OPINION
SPORTS
LIFESTYLE
FEATURE
|
