FFA Shelf-Stable Tuna Dynamics Study Dynamics Tuna Shelf-Stable FFA 1 CORPORATE DYNAMICS IN THE SHELF-STABLE TUNA INDUSTRY Elizabeth Havice l Liam Campling August 2018 ACKNOWLEDGEMENTS AND DISCLAIMER The authors gratefully acknowledge Amanda Hamilton for her extensive input and Shafaq Malik for research assistance. The content of this report (including all analysis and opinions) are solely the responsibility of the consultants and do not necessarily reflect the position or thinking of the Pacific Islands Forum Fisheries Agency. FORUM FISHERIES AGENCY PO Box 629 Honiara Solomon Islands Tel: +(677) 21124 Fax: +(677) 23995 E-mail:
[email protected] FFA Shelf-Stable Tuna Dynamics Study Dynamics Tuna Shelf-Stable FFA Suggested citation: 2 Havice, Elizabeth and Liam Campling (2018), Corporate Dynamics in the Shelf-stable Tuna Industry, Honiara: Pacific Islands Forum Fisheries Agency TABLE OF CONTENTS EXECUTIVE SUMMARY 6 1. INTRODUCTION 13 1.1 Background 13 1.2 Approach 13 2. GLOBAL OVERVIEW 14 2.1 Global processing capacity 14 2.2 Developments/key issues 17 3. CASE STUDY FIRMS 21 3.1 Thai Union 21 Study Dynamics Tuna Shelf-Stable FFA 3.1.1 Company overview 21 3.1.2 Company strategies 23 3.1.3 Links to WCPO 28 3.1.4 Recent changes and future developments 29 3.2 Dongwon Enterprise Co., Ltd. 33 3.2.1 Company overview 33 3.2.2 Company strategies 39 3.2.3 Links to WCPO 42 3.2.4 Recent changes and future developments 44 3.3 Bolton 45 3.3.1 Company overview 45 3.3.2 Company strategies 49 3.3.3 Links to WCPO 52 3.3.4 Recent changes and future developments 52 3 3.4 Princes 56 3.4.1 Company overview 56 3.4.2 Company strategies 58 3.4.3 Links to WCPO 62 3.4.4 Recent changes and future developments 62 3.5 Bumble Bee 64 3.5.1 Company overview 64 3.5.2 Company strategies 66 3.5.3 Links to WCPO 67 3.5.4 Recent changes and future developments 68 4.