Capital Seafood International is entering Phase II of the expansion of its long-term holding facility for lobster, Jiu Chang, president of Nova Scotia-based Capital Seafood, told IntraFish on Monday.
The company is part of the overseas division of China’s Zoneco Group, which includes ZF America and ZF Max.
In April, the company finished Phase I of the expansion, and when Phase II is complete early next year, Capital Seafood will have increased its lobster holding capacity from the current 200,000 pounds to around 300,000 pounds, Chang said.
Exports to China account for 70 percent of the company’s sales, with the remainder going to other markets in Asia and North America.
“Most of our product goes to China, where they pay top dollar,” Chang said.
The new lobster season in District 33, where the company’s lobsters are harvested by local fishermen, begins in late November.
