PHILIPPINES COMPANY TO BUILD TUNA PLANT IN PNG

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PORT MORESBY, Papua New Guinea (PNG Post-Courier, Jan. 3) – Papua New Guinea will welcome another tuna cannery as Frabelle Fishing Corporation announces plans to establish processing facilities in the country.

Frabelle Fishing Corporation, a big tuna company with operations based in the Philippines, told Mindanao News Agency that they would establish a tuna factory in Morobe Province.

The company is reportedly fast-tracking the construction of a cannery plant in Lae City, Morobe province and they have already built a warehouse and cold storage facilities in Papua New Guinea some years back.

[PIR editor’s note: Lae city in Morobe province is located on the northern coast of Papua New Guinea’s mainland peninsula.]

Senior vice president, Augusto Natividad told Miindanao News Agency that their subsidiary in Papua New Guinea, Frabelle (PNG) Ltd planned to produce cooked tuna loins before the end of 2005 in its PGK4.8 million [US$1.6 million] processing plant in Lae City.

Mr. Natividad said they would start producing canned tuna products in the first quarter of this year.

A few months ago, Frabelle also set up another company, Frabelle-Frescomar PNG Ltd., to handle the processing of other marine products.

Mr. Natividad said the expansion projects in Frabelle were intended for his company’s plan to penetrate the European market. He said Frabelle would be able to produce pouched tuna, tuna barbeque, tuna loaf, and tuna luncheon.

Frabelle began operations in Papua New Guinea in 1989, and has reportedly already contributed more than PGK48.4 million [US$16.5 million] to the local economy.

Frabelle joins RD Tuna Caning Company, which operates a tuna-canning factory in the Madang province after the National Government granted it a 20-year fishing agreement since 1996. RD Tuna also produces premium Dolly brand named canned tuna and the Diana canned tuna in oil.

January 4, 2006

Papua New Guinea Post-Courier: www.postcourier.com.pg/

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