Marubeni expects this acquisition will increase its sales of shrimp in Japan and the US to JPY 50 billion (USD 488.4 million).
"Worldwide shrimp consumption has been increasing in recent years," the Japanse corporation said. "With a larger volume purchases, Marubeni can get better pricing and strengthen its relationships with major shrimp producers in Asia and South America."
In addition to increased supply of shrimp, the EFC acqu...
A new Pescanova firm to be born in April? Spain
Today the multinational firm Pescanova is presenting the settlement offer submitted by Damm brewery and by Luxempart, with the support of the creditor banks, before the Commercial Court number 1 of Pontevedra.
EPA starts action to shelter Bristol Bay salmon fishery United States
In an attempt to protect the world’s largest sockeye salmon fishery in Bristol Bay, Alaska from the potentially destructive impacts of Pebble Mine, the US Environmental Protection Agency has refused to approve its permit while a review process is carried out.