Multiexport general manager Andres Lyon stated that the firm supplies Wal-Mart's Sam's Club store with salmon. (Photo: Multiexport/Wal-Mart)
Multiexport willing to supply Wal-Mart with salmon
Tuesday, October 04, 2011, 23:10 (GMT + 9)
Multiexport Foods SA salmon company executives are negotiating with executives from Wal-Mart Stores Inc. to resume the sales of Chilean salmon to the US retailer.
This was announced by Andrés Lyon, general manager of the company, which expects record sales for USD 260 million in 2011, after overcoming the crisis suffered due to the impact of the infectious salmon anemia (ISA) virus.
Wal-Mart had stopped buying salmon from Chile in 2009 due to ISA. This vacuum was filled by increased imports of Norwegian salmon in the US market.
Currently, Multiexport supplies salmon to Costco Wholesale Corp. and to Sam's Club, a chain of Wal-Mart’s, both in the US, Lyon told Bloomberg.
According to the businessperson, "in general, Norwegians are coming out of the US."
According to the head of the Ministry of Economy, Pablo Longueira, Chilean salmon exports could range from USD 5,000 million and USD 6,000 million within two to three years.
Meanwhile, it is projected that this year exports will reach USD 3,000 million.
The minister also assured authorities will enforce stricter rules to prevent another outbreak of ISA virus.
Lyon said that the salmon industry has implemented stricter regulations to prevent another sector crisis. And he stated that his company is "financially sound", referring to its capacity to grow through acquisitions.
According to the manager, Multiexport plans to reach a production of 100,000 tonnes in 2017, which would "almost triple" the current figures, and double the 50,000 tonnes projected for 2012, the newspaper La Tercera reported.
- Multiexport foods’ profits increase 12 per cent
By Analia Murias