Marubeni interested in entering Chile salmon sector

April 16, 2013, 4:12 pm

Executives of Japanese conglomerate Marubeni have told the head of Chile’s undersecretariat of fisheries and aquaculture (Subpesca) that they are interested in boosting their presence in Chile, reported La Tercera, citing sources.

Marubeni is already present in other Chilean industries, such as healthcare, automobile and mining.

Now the group wants to follow the example of Mitsubishi and Mitsui in investing in the salmon business, sources told La Tercera.

Mitsubishi acquired Salmones Humboldt from Sociedad Pesquera Coloso in November 2011, while last December, Mitsui and Multiexport Foods SA, through its subsidiary Salmones Multiexport SA (Salmex) agreed to launch a joint venture dedicated to farming, processing and marketing trout and Pacific salmon.

In late March, the head of the Chilean fisheries directorate encouraged Japanese businessmen to invest in the country’s aquaculture at a Chilean-Japanese workshop attended by companies including Nippon Suisan Kaisha (Nissui), Mitsubishi and Marubeni.

Full story in Spanish here.

Like this article? Sign up to our newsletter

Sign up to our newsletters:

* indicates required
Daily newsletters
Breaking news
Weekly newsletters
Email format