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Collaboration with Global Links is essential to extensively develop
the seafood processing business in Europe. First of all, it is expected
in supplying raw materials. Nissui owns a framework for globally
accessing white fish resources including Alaskan Pollack, Hoki and
Surimi (fish paste), as well as other marine resources such as salmon
and shrimp, from its various bases around the world. Cité Marine
is one of the important customers of UniSea, Inc.(USA), a North-American
company of Global Links that presently distributes fish blocks and
surimi (fish paste) of Alaska pollack for the European market. UniSea
also uses fish blocks of Hoki sold by a South-American company of
the Nissui Global Links.
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| A variety of processed seafood products created
by Cité Marine's excellent technical expertise. From
the top: fried hoki fillets, salmon mille-feuille and white fish
nuggets |
Secondly, it is expected in imports of value-added products. While
Cité Marine makes efforts to produce value-added products
as its strategy, imports from Global Links companies, especially
from the production bases in Asia, are anticipated to contribute
to its growth. In recent years, Nissui has achieved satisfactory
results in Europe in distributing a variety of frozen prepared food
products within Global Links, such as the supply of breaded & deep-fried
calamari rings and battered & deep-fried calamari rings from
NIGICO Co., Ltd. (Vietnam) for food service in England. In addition
to NIGICO, Nissui now aims to proceed with the development and import
of value-added products produced by Shandong Sanfod Nissui, Ltd.
(China) and Nissui (Thailand) Co., Ltd. as soon as possible. At
the same time, Nissui highly anticipates the utilization of the
distribution function of Global Links such as Nordic Seafood and
Europacifico in order to sell Cité Marine's products
outside of France.
Nissui finds it necessary to add more food processing companies
to the Group so as to further expand the food processing business
in Europe. The Company would require about 200 million euros in
sales in order to gain a presence in the European food processing
business industry. 200 million euros is roughly equivalent to a
top 10 position among marine product/food processing companies in
Europe.
Through enhancement in acquiring food processing companies, Nissui
plans to boost sales in the European market to a total of 600 million
euros (approximately 100 billion yen), consisting of 400 million
euros from the distributor group and 200 million euros from the
food processing business in five years time (2012).
The seafood market in Europe continues to grow. Keeping up with
this upward trend is one of the most important factors for a global
seafood company to continue to grow in the future. As a basic function
necessary to achieve this, Nissui has obtained the functions of
production, distribution and R&D. Although its existing functions
would sufficiently enable the Company to cover Western European
countries, we believe that how we deal with growing markets such
as Eastern Europe and Russia is the key to the next stage of growth.
How will we deliver the "blessings from the sea" to the more than
700 million people living in Europe and Russia? The Nissui Group
is tackling this great challenge.
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