FCF Co., Ltd.

Last updated
FCF Co, Ltd.
TypePrivately held conglomerate
IndustrySeafood
Founded1972
Headquarters,
Key people
Max Chou (President) [1]
Website fcf.com.tw

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

Contents

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 six main operational units:

See also

Related Research Articles

<span class="mw-page-title-main">Tuna</span> Tribe of fishes

A tuna is a saltwater fish that belongs to the tribe Thunnini, a subgrouping of the Scombridae (mackerel) family. The Thunnini comprise 15 species across five genera, the sizes of which vary greatly, ranging from the bullet tuna up to the Atlantic bluefin tuna, which averages 2 m (6.6 ft) and is believed to live up to 50 years.

<span class="mw-page-title-main">Foreign worker</span> Person working in a country where they do not have citizenship

Foreign workers or guest workers are people who work in a country other than one of which they are a citizen. Some foreign workers use a guest worker program in a country with more preferred job prospects than in their home country. Guest workers are often either sent or invited to work outside their home country or have acquired a job before leaving their home country, whereas migrant workers often leave their home country without a specific job in prospect.

<span class="mw-page-title-main">Atlantic bluefin tuna</span> Species of fish

The Atlantic bluefin tuna is a species of tuna in the family Scombridae. It is variously known as the northern bluefin tuna, giant bluefin tuna [for individuals exceeding 150 kg (330 lb)], and formerly as the tunny.

<span class="mw-page-title-main">Yellowfin tuna</span> Species of fish

The yellowfin tuna is a species of tuna found in pelagic waters of tropical and subtropical oceans worldwide.

Chicken of the Sea is a packager and provider of seafood, owned by the Thai Union Group in Samut Sakhon, Thailand. The brand is attached to tuna, salmon, clams, crab, shrimp, mackerel, oysters, kippers and sardines in cans, pouches and cups, as are its sister brands, Genova and Ace of Diamonds.

<span class="mw-page-title-main">Coast Guard Administration (Taiwan)</span> Coast guard of Taiwan

The Coast Guard Administration of the Ocean Affairs Council, also known as the Taiwan Coast Guard or R.O.C. Coast Guard, is charged with maintaining law and order, protecting the resources of the territorial waters of the Republic of China (Taiwan), which surrounds Taiwan, Penghu, Kinmen, Matsu Islands, Green Island, Orchid Island, Pratas Island (Tungsha/Dongsha), and Nansha Islands as well as providing a first line of defense along coastal areas against smugglers and illegal immigrants. The CGA is considered a civilian law enforcement agency under the administration of the Ocean Affairs Council of the Executive Yuan, though during emergencies it may be incorporated as part of the Republic of China Armed Forces.

<span class="mw-page-title-main">Skipjack tuna</span> Species of fish

The skipjack tuna is a medium-sized perciform fish in the tuna family, Scombridae. It is otherwise known as the balaya, bakulan/kayu, tongkol/aya, aku (Hawaii), cakalang (Indonesia), katsuo, arctic bonito, mushmouth, oceanic bonito, striped tuna or victor fish. It grows up to 1 m (3 ft) in length. It is a cosmopolitan pelagic fish found in tropical and warm-temperate waters. It is a very important species for fisheries.

Taiwan is a multi-party democracy. The 2000 presidential victory of Democratic Progressive Party (DPP) candidate Chen Shui-bian followed more than 50 years of rule by the Kuomintang (KMT) and marked the first transition from one political party to another in the Taiwanese history, reported by a Government Information Office (GIO) website as the "first ever in Chinese history". This followed gradual democratic reforms since the 1980s and 1990s; most notably, martial law was lifted in 1987, and the Temporary Provisions Effective During the Period of Communist Rebellion were repealed in 1991 for Republic of China Constitution to be effective in Taiwan. The human rights record in Taiwan is generally held to have experienced significant transformation since the 1990s.

<span class="mw-page-title-main">Pacific bluefin tuna</span> Species of fish

The Pacific bluefin tuna is a predatory species of tuna found widely in the northern Pacific Ocean, but it is migratory and also recorded as a visitor to the south Pacific.

John West Foods is a United Kingdom-based seafood marketing company established in 1857, and currently owned by Thai Union Group of Thailand. The company produces canned salmon and tuna, as well as mackerel, sardine, herring, brisling, anchovies and shellfish.

Dolphin-safe labels are used to denote compliance with laws or policies designed to minimize dolphin fatalities during fishing for tuna destined for canning.

<span class="mw-page-title-main">Agriculture in Taiwan</span> Economic sector in Taiwan

Agriculture is one of the main industries in Taiwan. It contributes to the food security, rural development and conservation of Taiwan. Around 24% of Taiwan's land is used for farming.

<span class="mw-page-title-main">Bumble Bee Foods</span> American food production company

Bumble Bee Foods, LLC, is a company that produces canned tuna, salmon, other seafoods, and chicken under the brand names "Bumble Bee," "Wild Selections," "Beach Cliff," "Brunswick," and "Snow's." The brand is marketed as "Clover Leaf" in Canada. The company is headquartered in San Diego, California, United States. It is owned by FCF Co, Ltd. of Taiwan.

<span class="mw-page-title-main">Fishing industry in China</span>

China has one-fifth of the world's population and accounts for one-third of the world's reported fish production as well as two-thirds of the world's reported aquaculture production. It is also a major importer of seafood and the country's seafood market is estimated to grow to a market size worth US$53.5 Billion by 2027.

<span class="mw-page-title-main">International Seafood Sustainability Foundation</span>

International Seafood Sustainability Foundation (ISSF) was formed in 2009 as a global, non-profit partnership among the tuna industry, scientists and World Wide Fund for Nature. The multistakeholder group states its mission is "to undertake science-based initiatives for the long-term conservation and sustainable use of tuna stocks, reducing bycatch and promoting ecosystem health". Regional Fisheries Management Organizations (RFMOs) are primarily responsible for managing the world's tuna stocks—skipjack, yellowfin and albacore tuna, the species most commonly processed for canned and shelf-stable tuna products, but their parliamentary procedures too often allow the short-term economic and political interests of nations to prevent sustainable measures from being adopted. ISSF works to ensure that effective international management practices are in place to maintain the health of all the tuna stocks.

<span class="mw-page-title-main">Thai Union Group</span> Producer of seafood-based food products

Thai Union Group is a Thailand-based producer of seafood-based food products. It was founded in 1977, and was listed on the Stock Exchange of Thailand (SET) on 22 November 1994.

Crime in Taiwan ranges from food adulteration, bombing, assassination attempts, hostage crisis, murder etc. However, crime statistics show that crime rates in Taiwan are among the lowest in the world, and are relatively low compared to much of the developed world. A 2020 report named Taiwan the second-safest country in the world, based on low crime rates and a high number of survey respondents who indicated that they felt safe walking alone at night.

Transshipment or transhipment at sea is done by transferring goods such as cargo, personnel, and equipment from one ship to another. It is a common practice in global fisheries and typically takes place between smaller fishing vessels and large specialized refrigerated transport vessels, also referred to as “reefers” that onload catch and deliver supplies if necessary.

<span class="mw-page-title-main">Maritime industries of Taiwan</span> Maritime industries of Taiwan

The maritime industries of Taiwan are a large part of Taiwan's economy. Industries of particular importance are shipbuilding, boat building, maritime transport, aquaculture, mariculture, commercial fishing, seafood processing, offshore wind power and various forms of tourism. Deep sea mining, especially of dormant hydrothermal vents, is also being considered for the future. In 2018 Taiwan was the fourth largest yacht building nation. Taiwan is home to a number of maritime museums and maritime colleges.

The Bolton Group is an Italian conglomerate that sells products under more than fifty brands.

References

  1. 1 2 3 4 Mutter, Rachel. "Who is Bumble Bee bidder FCF Fishery?". www.intrafish.com. IntraFish. Retrieved 3 April 2020.
  2. "Choppy Waters, Forced Labour and Illegal Fishing in Taiwan's Distant Water Fisheries" (PDF). www.greenpeace.org. Greenpeace. Retrieved 3 April 2020.
  3. 1 2 "Learn Who We Are". www.fcf.com.tw. FCF. Retrieved 3 April 2020.
  4. 1 2 "FCF CO., LTD., Largest Tuna Supplier in Western Pacific, acquires Bumble Bee Foods". apnews.com. Associated Press. Retrieved 3 April 2020.
  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. 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. "FCF Organization Structure". www.fcf.com.tw. FCF. Retrieved 3 April 2020.