Welcome to FIS   Sponsored By
United States
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us

Salmon skin used to make wallets (Photo: FIS/Salmon Eco Leather)

New business opportunities for the salmon industry

Click on the flag for more information about Chile CHILE
Tuesday, August 23, 2011, 03:10 (GMT + 9)

The Chilean salmon industry has made a commitment to diversification through the development of new sub-products, in an attempt to achieve new business opportunities.

Salmon is the best-selling Chilean fishing product in international markets, as it constitutes 52 per cent of the total sector exports. Salmon sales abroad have generated USD 2,100 million in 2010.

Chilean salmon is not only valued for its flavor and texture, but also for its nutritional value and health properties due to its high content of omega-3 fatty acids.

But it also has other properties that can promote the diversification of the salmon industry.

"Salmon can offer a wide range of components for use in pharmacology, cosmetics and functional foods, among others, and, which undoubtedly will facilitate many business opportunities in the future," pointed out Luis Pichott, manager of Fundación Chile Aquaculture, in a statement to Diario Financiero.

Among the sub-products of this species that have been making its way in the market, salmon leather stands out, which began to be used to make clothing and decorative items.

In addition, salmon entrails can be used for the preparation of fish oil and meal, which are used for the manufacture of feed for aquaculture. But they are also used for the manufacture of medicinal products containing calcitonin, a hormone that can prevent bone loss and increase bone density.

Omega-3 and salmon oil can be purchased in capsule form, as it happens with calcitonin, which is used to treat osteoporosis in postmenopausal women and to reverse the excess calcium in the blood.

One of the main producers of salmon oil and meal in Chile is the company Salmonoil, located in Calbuco, which exports salmon meal to countries such as Korea, Japan, China and Taiwan. Oil, meanwhile, is destined to nutrition industries, paint and leather, both in Chile and abroad.

In recent years, InnovaChile financed four projects for CLP 84 million (about EUR 124,170), designed to enhance and strengthen initiatives that promote the development of these new products, specifically focused on salmon leather.

In this regard, Cristóbal Undurraga, the company executive director, said that many entrepreneurs were able to discern commercial opportunities to turn salmon leather into a new business. He emphasized that this is a "role model" and that "various uses for this material have been found and it has been possible to give added value to something extremely important that was once considered a waste but is now sold as a premium product."

This is the case of CursalChile, a new venture that exports salmon skins as raw material for making clothing, shoes and various accessories, mainly to United States and to Europe.

In addition, CursalChile founder and CEO, Nora Pinto, assures the company is prepared to enter Australia and New Zealand with manufactured products.

The entrepreneur recognizes that although salmon leather has good quality and is more durable than cowhide, in Chile "it has been difficult for people to appreciate it," and for that reason the company has focused on exports.

Pichott stresses that while the industry has developed in recent times, it still lacks the appropriate technology, the necessary innovation capacity and more funding to consolidate and expand this niche.

Thus, to take advantage of sub-products and to generate new businesses it is considered that relevant efforts in logistics supply, investment in processing and market search are necessary."Something that for most micro-entrepreneurs is still difficult to achieve," Pichott summed.

By Silvina Corniola




Click to know how to advertise in FIS
Oct 26, 03:20 (GMT + 9):
Action Plan to mass mortalities at salmon farming industry
Viet Nam
Oct 26, 02:50 (GMT + 9):
Consumer group inspected after controversial fish sauce quality
Oct 26, 02:30 (GMT + 9):
Anchovy management model considers human activities on Guadalquivir estuary
Oct 26, 01:40 (GMT + 9):
Fish farmers file appeal cage permit revocation
Oct 26, 01:10 (GMT + 9):
FAO recommends improvements to Fisheries Act
United States
Oct 26, 01:00 (GMT + 9):
IN BRIEF - New Bill to Promote Aquaculture Passes in Assembly and Senate
Oct 26, 01:00 (GMT + 9):
IN BRIEF - Kerala's aquaculture production in threat
United Nations
Oct 26, 01:00 (GMT + 9):
IN BRIEF - Fish farming is a part of the solution to reach the UN Sustainable Development Goals
Oct 26, 01:00 (GMT + 9):
IN BRIEF - ASF Challenging Province On Placentia Bay Aquaculture
Oct 26, 01:00 (GMT + 9):
IN BRIEF - Marine Harvest: Organizational change in Marine Harvest's Group management
United Kingdom
Oct 25, 23:50 (GMT + 9):
Climate change may make fish swim towards predators
Oct 25, 23:20 (GMT + 9):
Shrimp exports rebound
European Union
Oct 25, 22:00 (GMT + 9):
MEPs demand uniform rules and sanctions throughout the EU
Oct 25, 21:40 (GMT + 9):
Second Patagonian scallop annual assessment survey begins
Oct 25, 14:00 (GMT + 9):
IN BRIEF - Marine Harvest Organizational change in Marine Harvest's Group management

Brown seaweed harvest quota set
Peru The Ministry of Production has set the collection quota for the brown seaweed Lessonia trabeculata at 28.677 tonnes for the year 2016.
Joint Committee simplifies compulsory landing obligation in Morocco
Spain The Joint Committee on the fisheries agreement between the EU and Morocco has agreed to simplify the obligations concerning compulsory landings, with which Spanish ship owners will be able to more easily fulfill their landing obligation as to part of their catch.
Russian investor to build fish processing plants and cold storages
Indonesia Russian investor Blackspace is planning to invest in infrastructure construction for ice production, fish processing and cold storages on Natuna island, Indonesia.
Punjab to subsidy shrimp production to boost the sector
India Punjab Government intends to implement a series of measures to boost shrimp production in the state, including granting a 50 per cent subsidy.
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Nueva Pescanova, S.L. - Group Headquarters
Sea Harvest Corporation (PTY) Ltd.
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods Inc. -Headquarter-
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
Food Project (Siam) Co., Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO -Food and Agriculture Organization- Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation -Headquarter-
Marona S.A.
Marine Harvest ASA - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. -Headquarter-
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  -Holding Headquarter-
Greenpeace International - The Netherlands
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
Ocean Trawlers Group - Ocean Trawlers HK Ltd.
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation -Headquarter-
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2016 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER