Alliance Tuna International, Incorp.
Alliance Tuna International, Inc. is a publicly listed company and one of the leading canned tuna manufacturers in the Philippines. Its facilities are located in the Southern part of the Philippines with a daily capacity output of 120 metric tons per day. They processed over thirty thousand (30,000) tons of fish in the year 2006. Products are currently exported to over forty (40) countries.
The company places a premium on excellent quality through precise and thorough process to ensure the total satisfaction of their customers. Alliance Tuna International, Inc. is recognized by numerous international institutions including the US FDA, HACCP, EFSIS, and the Earth Island Institute. Similarly, a perfect synergy is achieved by the successful partnership of Philippine and Thai specialists in pursuit of quality and excellence. With marketing offices in Bangkok and in Manila, Alliance Tuna International, Inc. is able to broaden its reach and cater to customers who locate in or visit Thailand.
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Alliance Tuna enters smoked seafood business
"Salmon Dishes"
Source: http://www.primefoodsnz.co.nz/images/homeCrepeslarge.jpg
Alliance Tuna International Inc. has acquired a majority stake in New Zealand-based smoked seafood manufacturer Prime Foods in an effort to enter the growing smoked seafood business.
In a disclosure to the stock exchange, Alliance Tuna said it will buy majority--50 percent plus one share--of Prime Foods for NZD 1.15 million or roughly P32 million. Payment will be in two tranches.
The first tranche of NZD 650,000 and the second tranche of half a million New Zealand dollars will be paid within the year.
Publicly-listed Alliance Tuna said that on top of its equity investment in Prime Foods, it will also extend a loan of NZD 150,000 to the smoked seafood retailer. Interest on the loan will be at a market rates after the first year.
Prime Foods is the second largest retailer supplier of smoked seafood in New Zealand with a market share of 35 percent. It also processes and packages the Signature Range house brand for Progressive Enterprises, the largest chain of supermarkets in New Zealand.
Alliance Tuna is currently engaged in tuna processing, canning and export.
Alliance Tuna currently exports canned, processed tuna to Europe, North America, Asia, Africa and South America. It is has a private label manufacturer of canned tuna and processes and tuna cans using its customers' brands.
It also said it is mulling the creation of a joint venture corporation to handle its smoked salmon and seafood business in the Philippines.
The proposed company will likely begin operations by the end-2009.
source: http://www.abs-cbnnews.com/business/01/07/09/alliance-tuna-buys-stake-nz-based-firm
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Alliance Tuna sees 36% export growth
Alliance Tuna International Inc. expects a 36-percent growth in export sales this year despite an industry-wide fear of a global economic downturn.
"Alliance Tuna International, Incroporated: Hand to hand "
“We are not exposed just to the United Kingdom or the US. We are spread across the world. This is our insurance against an economic slowdown. We venture to say (Alliance) Tuna is recession proof,” company president Jonathan Dee said.
Dee said Alliance Tuna was expecting sales to grow to $72 million in 2009 from $53 million last year as it completes a new facility in Indonesia that would boost the company's production capacity.
Net income is likewise expected to increase to $4 million from $3 million in 2008.
Elizabeth Sanchez-Lacson
Philippine Daily Inquirer
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