New Horse Mackerel Factory for Namibia
SEAFOODNEWS.COM [All Africa] - August 13, 2015
Minister of fisheries and marine resources, Bernhard Esau says it is imperative that opportunities are opened up for the utilisation of and value addition to Namibian fishing resources.
Esau made this statement on Friday at the ground-breaking ceremony of the Atlantic Pacific Fishing factory. The factory will cost N$250 million and will process and package horse mackerel for both local and export markets.
Atlantic is a Walvis Bay-based Namibian registered company formed through a joint venture that is 51 percent owned by Namibian long-term horse mackerel rights holder, Hefty Group of companies (Pty) Ltd; Joka Two Fishery (Pty) Ltd and Namibia Seaweed Processing (Pty) Ltd.
The remaining 49 percent is owned by Brandberg Namibia Investment Company (Pty) Ltd, which falls under China Fishery Group Ltd, a subsidiary of Pacific Andes International Holdings Ltd, based in Hong Kong.
Esau noted that the development, the exploitation and addition of value to the...
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