Chinese investors eye Port Union fish plant as a seal processing plant
Venture capitalists who are looking to invest $90 million US in the province have their sights set on the former Ocean Choice International shrimp plant in Port Union, according to MHA Neil King. OCI turned the plant over to the municipality of Trinity Bay North in August 2016, six years after it was destroyed by Hurricane Igor. The town is looking for a new business — or several — to breathe new life into the facility. “Last week we had a group of Chinese investors come down who are looking at investing in Newfoundland and Labrador,” said King, who hopes to see the plant soon process seal. “There’s some good potential there to get things rolling.” Read the story here 08:19
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