Canned tuna and sardine supplier Coqueiro, which is owned by the PepsiCo group, used part of an $11 million (€7.8 million) investment in 2011 to increase its production capacity by 30 percent, the company told IntraFish.
The aim is to tap into Brazil’s fast growing canned fish market which grew by 7.5 percent and generated $624 million (€444.6 million) in 2010, Ana Beatriz Vassimon, director business of unit Coqueiro, said.
Sardines are a popular fish in Brazil, while tuna is growing in popularity as people’s purchasing power is increasing, Vassimon said.
“Sardines
