Maruha Nichiro Holdings, Inc. (Public, TYO:1334) is a Japan-based holding company principally engaged in the marine product business. The Company operates in four business segments.
The Marine Product segment encompasses the catching, farming, purchase, processing and the sale of fish.
The Food Product segment manufactures and sells canned foods, frozen foods, stock farm products and other processed foods.
The Storage and Distribution segment is engaged in the provision of frozen storage and distribution services for fish.
The Others segment is involved in the storage of feed, the marine transportation business, the leasing of real estate, the hotel business, the manufacture and sale of packaging machines, as well as the manufacture and sale of fur.
Cod captures register strong decline off New England United States
Since a while ago, the United States has been forced to import cod from Norway, Russia or Iceland in the north Atlantic due to the decline of the fishery in New England, where the federal government has reduced capture quotas.
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.