BUSINESS STRUCTURE OF FROZEN SECTOR

In general, the Spanish frozen fish sector is in the hands of a few large groups, among which are some of the large Spanish fishing groups along with multinational companies. The leading group has been immersed in a serious crisis situation, due to an internal accounting fraud. It is a huge multinational (Pescanova) that is currently in a situation of conflict between its main shareholders and creditor banks. Its annual turnover exceeds 900 million euros annually, with a production of 175,000 tonnes. This company fishes in Argentina, Chile, Peru, Nicaragua, Mexico, Ireland, Angola, Namibia, South Africa, Mozambique and Australia and has aquaculture operations in Spain, Portugal, Guatemala, Honduras, Nicaragua, Ecuador and Brazil. It has commercial companies in Spain, France, Portugal, Italy, Greece, Poland, Japan, the United States, Australia, Chile and Argentina and its products are sold in 50 countries. The second operator reaches 51,200 tons, the third operator stands at 42,800 tons and another four companies present production figures around 40,000 tons. Many of these operators are betting on the incursion into related business lines, such as canned fish or prepared dishes and also in internationalization. In the organized distribution, the distribution marks have a great importance. Thus, they control 65.2% of all volume sales of unprepared fish and shellfish and 60% in value. In the case of prepared fish and seafood, these percentages increase even more and reach 66.2% in volume and 63.3% in value.
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Montse Gonzalez