The Japanese conglomerate Mitsubishi Corporation plans to produce about 100,000 tonnes of salmon annually in Chile, if it manages to purchase the Norwegian company Cermaq.
Mitsubishi announced this week that it offers a payment of around USD 1,400 million to purchase the whole of Cermaq, which has operations in Norway, Canada and Chile.
This transaction would turn Mistubishi into the second largest farmed salmon producer worldwide.
Following this announcement, Mitsubishi Corporation’s Corporate Communications Division told the newspaper Estrategia that considering the 80,000 tonnes produced in Cermaq at present in the cou...
Two subsidiaries of Pacific Andes request to be declared bankrupt Hong Kong
As part of its restructuring process, Pacific Andes International Holdings (PAIH) announced that two indirect subsidiaries, Golden Target Pacific Limited and Nouvelle Foods International Limited, have filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code.
New fishing technology is 'a double-edged sword' Spain
A research study conducted by the Institute of Environmental Science and Technology of the Universitat Autònoma de Barcelona shows that future improvement of fishing technology poses a threat for the global fishery that could be greater than climate change.
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