Dongwon, others, plan four new tuna plants in PNG
Four companies including Dongwon and a Thai Union Frozen Products-backed venture plan to build new tuna plants in Papua New Guinea, reported Business Advantage.
The investments are taking place near Lae, where four new plants are planned for Malahang.
One of the companies is Majestic Seafood, a joint-venture between Thai Union, Frabelle Fishing Corporation of the Philippines and Philippine-based Century Canning Corporation.
Majestic Seafood’s K80 million ($38m) tuna canning plant, scheduled to commence operations in June 2013, is expected to create as many as 5,000 local jobs when in full production, said the news website.
South Korea’s Dongwon is also planning a tuna loin plant in the area, and so are Nambawan Seafoods and Haili Sheng from mainland China.
Two other operators, Malaysia’s International Food Corporation and Frabelle already have canneries in Lae, it said.
Meanwhile, PNG’s largest canner R D Tuna is about to begin construction of another cannery in Madang, which will double its production and employ 3000 people. The cannery is expected to be operational in early 2014.
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