FCF_Co.,_Ltd.

FCF Co., Ltd.

FCF Co., Ltd.

Seafood company

FCF Co, Ltd. (FCF) is a privately held Taiwanese seafood conglomerate. They are one of the largest tuna traders in the world.

Quick Facts Company type, Industry ...

Overview

FCF is one of the largest tuna traders in the world.[2] They are privately held.[3] They are one of the largest integrated marine industry supply-chain service providers.[4] They have more than 30 subsidiaries. FCF is an member of the Western Pacific Sustainable Tuna Alliance.[1]

History

FCF was founded in 1972.[3]

In 2019 FCF placed a stalking horse bid following the bankruptcy of Bumble Bee Foods,[5] they already held a 25% stake in the company.[1] In 2020 they successfully acquired Bumble Bee Foods.[4]

A 2020 Greenpeace report linked FCF to illegal fishing and forced labor.[6]

Facilities

FCF owns processing plants in Ghana and Papua New Guinea. Their fishing bases are mostly in Pacific Island Nations but they also have bases in Mauritius, Cape Town, South Africa, and Montevideo, Uruguay.[1]

Organization

FCF has Seven main operational units:

  • Information Technology and Administration
  • Longline
  • Squid
  • Purse Seine
  • Finance
  • Compliance Customers Response Management (CCRM)[7]
  • Vessel Service and Governance Department (VSG)

See also

References

  1. [1]
    Mutter, Rachel. "Who is Bumble Bee bidder FCF Fishery?". www.intrafish.com. IntraFish. Retrieved 3 April 2020.
  2. [2]
    "Choppy Waters, Forced Labour and Illegal Fishing in Taiwan's Distant Water Fisheries" (PDF). www.greenpeace.org. Greenpeace. Retrieved 3 April 2020.
  3. [3]
    "Learn Who We Are". www.fcf.com.tw. FCF. Retrieved 3 April 2020.
  4. [4]
    "FCF CO., LTD., Largest Tuna Supplier in Western Pacific, acquires Bumble Bee Foods". apnews.com. Associated Press. Retrieved 3 April 2020.
  5. [5]
    Gladstone, Alexander. "Bumble Bee Files for Bankruptcy With $925 Million Offer From Taiwan's FCF". www.wsj.com. The Wall Street Journal. Retrieved 3 April 2020.
  6. [6]
    Monaghan, Elizabeth. "Who is FCF? Taiwan's biggest tuna trader linked to forced labour & illegal fishing". www.greenpeace.org. Greenpeace. Retrieved 3 April 2020.
  7. [7]
    "FCF Organization Structure". www.fcf.com.tw. FCF. Retrieved 3 April 2020.
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