Lae-based Frabelle Fishing Corporation in the Philippines is one of the major partners behind the Majestic Seafood venture, which opened earlier this year, but it has big expansion plans of its own too, according to reports in Islands Business.
Frabelle is one of three joint venture partners in Majestic Seafoods, the new tuna processing plant which was opened in Malahang, near Lae, earlier this year.
While tuna from the joint venture cannery will be sold by Majestic, primarily to the European Union, Frabelle itself will concentrate on selling to the local Papua New Guinea (PNG) market, through local wholesaler, Seeto Kui.
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