A native of San Francisco, Christian Molinari has lived and worked in Chile for over 20 years, after having arrived in Santiago as a volunteer and falling in love with the culture and its people. He covered business news in Latin America for over a decade, worked in communications at IBM Chile, and currently freelances in strategic communications and reporting.
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Santiago, Chile-based seafood firm Camanchaca plans to purchase the remaining 30 percent of share capital it did not already own in subsidiary Camanchaca Pesca Sur, the company reported to Chile’s securities regulator CMF.
Two investment banks were commissioned to determine the full value of the subsidiary, and its average valuation ended up approaching USD 291 million (EUR 270 million), which meant minority owner Grupo Bio Bio’s 30
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Due to an over 50 percent jump in cost of sales year over year, Puerto Montt, Chile-based salmon producer Multi X posted net losses of USD 6.3 million (EUR 5.8 million) for FY2023 after posting a net profit of USD 65.4 million (EUR 60.7 million) in 2022.
For the year, total company revenues reached USD 877.6 million (EUR 814.6 million), marking a 36.5 percent boost in top-line revenues over the USD 643 million (EUR 597 million) it reached 2022.
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Eleven salmon farmers in Chile, together with the Salmon Council, SalmonChile's Salmon Technological Institute (Intesal) and with the support of Aquabench, have joined forces with the Chilean government’s Agricultural and Livestock Service (SAG) and the National Fisheries and Aquaculture Service (Sernapesca) to work collaboratively towards increasing vaccines to prevent bacterial diseases and reduce the use of antibiotics.
The parties
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Chile’s government has kicked off the new year by reinforcing the message that its salmon industry, which rakes in USD 6 billion (EUR 5.6 billion) a year, must toe the line when it comes to environmental stewardship.
Emphasizing this message, the Chilean Superintendence of the Environment (SMA) sent its first mass notification of the year to owners of 223 salmon grow-out centers (CES, as per the Spanish acronym) regarding their ongoing
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Steen-Hansen, a Kylkje, Norway-based company that provides antifouling products and coatings for aquaculture nets, has obtained approval from Chilean authorities, enabling it to sell its copper-free antifouling solution that uses the biocide Econea.
Chilean maritime authority Directemar’s approval makes Steen-Hansen the only aquaculture supplier with approved copper-free products, which the company will market to the Chilean aquaculture
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Washington D.C., U.S.A.-based Humane Farm Animal Care (HFAC) – a nonprofit dedicated to improving the lives of farm animals raised for food production – is launching its Certified Humane credential specifically for farmed salmon.
The certification scheme, which is the organization's first standard it has developed for fish or seafood, will initially be targeted at Chilean producers, according to Humane Farm Animal Care Global
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