Tri Marine: Tuna prices, supply concerns influenced its $70 million cannery cannery closure
Fluctuating tuna prices, supply issues and other factors outside of the control of Tri Marine International led to the commercial demise of its $70 million cannery in American Samoa, the company said. The Oct. 13 announcement that the plant will cease canning operations as of Dec. 11 putting several hundred jobs in jeopardy came as a result of a series of factors, Bellevue, Washington-based Tri Marine said in a statement to Undercurrent News. “In truth, there were a number of factors outside of our control that influenced this difficult decision — the cost and abundance of tuna raw material in American Samoa, changes in free trade agreements, access to fishing grounds, the appeal of US-produced canned tuna in the market, market demand for higher quality sustainable and traceable tuna products, etc,” the company said. “To point to any one thing over another would miss the complexity of a challenging situation.” Read the story here 16:08
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