Seafood giant Royal Greenland is looking at switching some of its China-based processing to Vietnam, its CEO told IntraFish.
The vertically integrated group “is in the early stages” of looking into processing in Vietnam, said CEO Mikael Thinghuus.
There are challenges in obtaining sufficient labor for the fish factories in China, the company said in its 2011 annual report, a year in which it reported a profit of DKK 79 million (€10.6 million/$13.5 million).
“As a consequence of this, Royal Greenland has an increasing level of activity in Vietnam, primarily focusing on products for Japan," the report said.
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