Majestic Seafood Ltd. has a capital investment of USD 25 million a joint venture partnership between Thai Union (Thailand), Century Cannings (Philippines) and Frabelle (Philippines and PNG owned company).
According to a European Union report, at this stage, it is planned that Majestic will process 100 percent canned tuna and 80 to 90 percent of will be exported to the EU market (Germany, Italy, United Kingdom) and 10 to 20 percent to other markets, including the United States and Japan.
The EU report stated that the plant construction is nearing completion, and the likelihood of this operation proceeding is definite.
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