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Investment in Chile Hints at Future Recovery

by the Fish Site Editor
20 October 2009, at 1:00am

CHILE - Following the near-collapse of the salmon industry, there are the first signs of its recovery as enterpreneurs return to invest in the sector.

During the last few weeks, several Chilean salmon companies have started their path to get back on the production levels prior to the sanitary crisis, according to Fish Farming Xpert. This phenomenon is more evident when looking at the amount of projects presented to the public Environmental Impact Assessment System (SEIA).

Some sources said that the industry already weathered the bumpy ride and that by now, it is focused on identifying the losses caused by the sanitary crisis and estimating the productive scenario in order to plan the future development.

As an example, in spite of the absence of a new regulation for the Chilean salmon industry, Pesquera Landes entered the sector last week by acquiring Providencia Fish Farms.

In their turn, the former chairman of Mainstream Chile, Francisco Ariztía, and his partner, Fernando Toro, created the company Salmones Sur Austral, focused on the operation of eight farming centres to produce about 5,000 gross tons by 2010.

According to Diario Financiero, the chairman of SalmonChile, César Barros, express his appreciation for the new projects. "Hearing about groups and investors that are entering this industry and continue investing in the sector is encouraging" he said.

Mr Barros addeed that, in sanitary terms, the industry is over the worst of the crisis but he remarked that production will continue fall during the coming months.

the Fish Site Editor

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