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MW Brands expects slight growth despite challenging market

THAILAND
Wednesday, May 06, 2015, 03:30 (GMT + 9)

Major European seafood company MW Brands expects to perform sales for EUR 646 million this year, a result that represents a significant contribution to Thai Union Frozen Products (TUF), which it completely belongs to. "If there is a strong [tuna] price increase like in 2013, there will be an impact. But so far, we are very confident with the outlook" in the seafood market, pointed out MW Brands chief executive officer Elisabeth Fleuriot, The Nation reported. Last year, MW Brands revealed 6 per cent increase in sales and 10 per cent growth in profits, without including the revenues from its two new subsidiaries: King Oscar (EUR 50 million) and MerAlliance (EUR 150 million). The firm, which is on top of the list of shelf-stable seafood brands in many European countries such as France, Britain, the Netherlands and Italy, reported an operating profit margin exceed... FULL STORY

Spain
Marine aquaculture starts to rebound
May 6, 01:00
After several years’ stagnation, marine aquaculture rebounded in Spain in 2014, according to the analysi... FULL STORY
United States
Refusals of tainted shrimp imports continue to rise
May 6, 00:20
The US Food and Drug Administration (FDA) refused 169 seafood entry lines last month, of which 51 (or 30 per c... FULL STORY
Spain
CEPESCA rejects drifting gill net total ban
May 5, 23:40
The Spanish Fisheries Confederation (CEPESCA) expressed opposition to the initiative of the European Commissio... FULL STORY
Worldwide
WWF: IOTC's decision on FADs limits raises concern
May 5, 23:10
WWF has expressed concern over the decision of the Indian Ocean Tuna Commission (IOTC), responsible for managi... FULL STORY

Spain
Red tide advances through Galician estuaries
May 6, 03:00
The Technological Institute for the Control of the Marine Environment (INTECMAR) has decided to close all the raft polygons due to the presence of red... FULL STORY

Mexico
Several companies strive to participate in tuna quota for fattening
May 6, 02:20
These days the National Commission of Aquaculture and Fisheries (CONAPESCA) will determine the quotas to be allocated to each of the companies interes... FULL STORY

Norway
First industrial fry feed plant set up
May 6, 01:50
A new baby fish feed factory began to be built outside Trondheim. The cutting edge plant, which will manufacture feed from copepods, will be the first... FULL STORY
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United States
May 6, 02:40 (GMT + 9):
IN BRIEF - National Fish & Seafood Builds On Its Market Leadership Following Record-breaking First Quarter 2015
United States
May 6, 02:30 (GMT + 9):
IN BRIEF - NMFS Prohibits Directed Fishing for Groundfish Other than Pollock, by non-Rockfish Program Catcher Vessels Using Trawl Gear in Alaska
United States
May 6, 02:30 (GMT + 9):
IN BRIEF - Shrimp blast into space from Arctic Sweden
United States
May 6, 02:30 (GMT + 9):
IN BRIEF - Sysco Fights FTC in Antitrust Showdown to Save US Foods Deal
United States
May 6, 02:30 (GMT + 9):
IN BRIEF - More problems with visas for seafood industry
Germany
May 6, 02:30 (GMT + 9):
IN BRIEF - Frosta sales in first four months of 2015 up 7 pct over 2014
Viet Nam
May 6, 02:20 (GMT + 9):
IN BRIEF - Whiteleg shrimp dominates Vietnamese shrimp industry
Indonesia
May 6, 02:20 (GMT + 9):
IN BRIEF - Indonesia to issue regulation on illegal fishing
India
May 6, 02:20 (GMT + 9):
IN BRIEF - Kerala rejects 61-day fiat on fishing ban
United Kingdom
May 6, 01:40 (GMT + 9):
IN BRIEF - Full house for annual Shellfish Association conference
United Kingdom
May 6, 01:40 (GMT + 9):
IN BRIEF - Discussion session on discard ban with Scots Fisheries Minister at Skipper Expo Int. Aberdeen 2015
Peru
May 5, 22:20 (GMT + 9):
Fishmeal exports plummet in the first two-month period
 

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