Chinese-owned Spanish canner mulls huge new plant


Spanish cannery Hijos de Carlos Albo, based in Vigo, Galicia, might be one of the parties interested in the construction of a new mega-plant that would occupy 70,000 square meters during the first phase, Faro de Vigo reported.

The first phase for the project, which is part of an area of 420,000 sq. meters, is scheduled to start in 2019, according to the paper. The project would require an initial investment of €3.5 million to buy the land, based on a reference price of €50/sq. meter.

Shanghai Kaichuang Marine International — part of Shanghai Fisheries General Corporation (Group) — took over 100% of the Spanish cannery during the summer of 2016 after paying €61m.

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