The marine protein-based feed industry is not moving towards aquaculture dominating wild fisheries; Drive without pausing towards that landmark. Up to omnipotent China has seen its high-sea catches dwindle despite Beijing’s subsidized efforts in deep-sea fleets because the sea offers limited opportunities. According to the report state of the world fisheriesOrganized by the Food and Agriculture Organization of the United Nations (FAO), 82 million of the 179 million tons of fish produced in 2020 crop. It is equal to 46%, but will soon be hegemonic. In the case of companies like Nueva Pescanova, an annual photo depends on many factors that can tip the balance in favor of more aquaculture or products of wild origin: the state of fisheries, demand on farms or possible diseases. What is certain is that the MNC has structurally gone through a paradigm shift: Cultivation activities already generate more income than mining activities.
Of 1.087 million invoiced by the company in the last fiscal year -April 2021 – March 2022-, More than 500 million were from cultivationAs seen in the annual accounts submitted to the Alternative Fixed Income Market (MARF). Equivalent to 47% by weight for products originating from aquaculture, well above 40.6% of wild fisheries and 11% of the prepared segment. The team he leads Ignacio Gonzalez thus fulfilling two determinant keys: It reaps the fruits of its commitment to grow with strong investments in Central America and predicts the future reality of the global market., with less dependency on catches that are always more unstable. Moreover, with very positive results in the aquaculture activity carried out for the first time on Spanish soil: Kalkan. Thanks to the increase in final prices and better optimization of processes, this segment alone generated net results of more than 4.5 million Euros. Nueva Pescanova does not have the massive production of the Mira factory (Portugal), which currently supplies its competitors (Stolt Sea Farm), but did not need it.
Again, Wild fishing is what continues to report the best returns to multinationals., with 9.5 million euros to contribute to the net result. With a good selection of pulls such as hake, Argentinian shrimp and squid from the Southern Cone. These are products that also resulted in the industrial segment, such as aquaculture, producing another 7.5 million positives. On the other hand, mining activity on the African coast (Namibia, South Africa, Angola, Mozambique) and the Central American vannamei caused losses. This shrimp, yes, was the king of sales thanks to the huge production volume and the attraction of markets like North America. New Pescanova, Retailers Companies like Albertsons, Costco or Aldi have managed to carve out a niche for itself among the United States consumer. Management does not refuse to expand its penetration in new markets through inorganic growth (acquisition of stock companies) or strategic alliances.
New debt problem
Nueva Pescanova launches the first issue of social and environmental “sustainability-linked bonds” in the Alternative Fixed Income Market (MARF). up to 75 million euros. The purpose of this first “sustainable” promissory note program announced by the company is to demonstrate Nueva Pescanova’s “commitment” to ensure social and environmental responsibility for all its activities, including financial ones. Acted as a Deloitte registered consultant.
Nueva Pescanova launched its first bond issuance in the Fixed Income Market in 2021, with a program that can reach a maximum outstanding balance of 50 million Euros, thus diversifying financing sources and at the same time providing flexible access to investors and professionals.