Two Philippine tuna companies have hooked up with Thailand’s Thai Union Corp. to establish the Majestic Seafood in Papua New Guinea that, according to reports, will open in two months.
Frabelle Fishing Corp. and Century Canning Corp. are joining Thai Union to set up the USD 37.6 million 200-metric ton capacity canning plant which will bring to eight the total of tuna companies in the tuna-rich Western Pacific country.
Thai Union is the world’s second largest tuna canners. Thailand is also the world’s largest canned tuna producers.
The Laurel-owned Frabelle Fishing already has its own canning plant in Papua New Guinea while Century Tuna runs the biggest tuna canning plant in the Philippines.
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