Pesquera Landes proves optimistic about recovery, but cautious with investments

Fishmeal from Landes. (Photo: Pesquera Landes/FIS)

 (CHILE, 12/2/2014)

Pesquera Landes hopes to overcome the problems resulting from the reduced availability of fish and the loss of facilities resulting from the earthquake in 2010, and expects to close 2014 with positive numbers.

"This year we have had much better results than the previous one. We will have profits and no losses as in previous years," ensured the company CEO, Andrew Fosk, to Diario Financiero.

In recent years the company, located in the Bío Bío region, has been investing in new plants to manufacture products for human consumption, but now it has stopped this process.

Fosk explained investments are “frozen” because the sector is not isolated from the national reality, and that "all this uncertainty and avalanche of new reforms" discourage investo...  (More Info)