Kyokuyo celebrates 70th anniversary, CEO says "More
global business for the future"
September 10, 2007
Kyokuyo held a banquet on the 7th of September to celebrate
its 70th anniversary. Many prominent figures from the industry
gathered, such as Masatoshi Itoh, honorary chairman of Seven
& I Holdings.
"Seafood industry in the 21st century has witnessed structural
changes, such as growing trend of seafood world-wide, the
rise of China as world processing plant. If you look at the
domestic market, you face adverse elements with less consumption
of fish with low birthrate and high longevity, while Japanese
food, such as Tempura and sushi are getting more popularity
overseas. Seafood demand is surely growing by leaps and bounds.
We will enforce more businesses globally, along with strong
stress on ingenuity, such as the development of promotions
of higher values. And that`s our future" stated Kiyokazu
Fukui, CEO of Kyokuyo, before giving a toast.
Hagoromo Foods raises canned tuna products
up to 13%
September 10, 2007
Hagoromo Foods will increase selling prices of canned Tuna
items 8.6-13% in response to the increased costs of main ingredients,
Yellowfin Tuna and fish oil. Price increases will start in
"We have come to a point where our bottom line has been
crossed and we cannot absorb any other unforeseen costs. Ultimately
we have arrived at the conclusion that this price increase
was unavoidable in our minds", stated the company.
The announcement was made right after Japan`s major canner
jacked prices of its canned tuna made out of Bonito in August.
This series of price raises indicate how business is squeezed
by high raw materials costs.
Hagoromo`s first quarter sales ending in March were \21.1
billion. Sales volume of Tuna products were down 5.9% compared
with the previous year to \9.2 billion.
Kibun Foods New plant launched full-scale
September 7, 2007
Construction of Kibun Foods` new plant in Soja, Okayama-Pref
is finally complete and has started full-scale production.
With the completion of the facility, the company aims to enhance
supply system, covering the western parts of Japan.
Japan`s largest Surimi maker invested \5.5 billion in the
17,838-meter-square workshop in an area of 89,530 square meters.
20 production lines allow the company to produce 90 million
packs of food items annually, including surimi, ready-meal
items and dim sum. They will close down its two plants in
Osaka and Saga.
"One of the great features of the new plant is we have
abundant clean underground water, as well as state-of-the-art
equipments. As our production base to the western part of
Japan, we are situated in a perfect location where access
to freeway is easy, which makes distribution a lot quicker"
said the plant manager, Kazuo Nakanishi.
This is the third plant the company has built in 12 years,
after Hokkaido and Tokyo, which can also make 90 million packs
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