Type | Government Owned Fisheries Company - Ismail Fauzee (CEO) |
---|---|
Industry | Fishing industry |
Founded | November 1, 1993 |
Headquarters | Malé, Maldives (head office) |
Key people | Ismail Fauzee (CEO) |
Products | Canned Tuna Frozen Tuna Fish Meal katsobushi Loins |
Revenue | N/A |
Number of employees | 1790+ |
Website | http://www.mifco.com.mv |
The Maldives Industrial fisheries company, MIFCO, is a public company engaged in the production, processing and marketing of fish and fishery products. The company was incorporated in 1993.
Fishing has always been a part of the Maldivian lifestyle. In addition to being a primary food source, it was also the primary source of income for island communities. The practices of small-scale fishing - feed the family, then the community, and export the excess - personifies the elements of sustainable fisheries in the Maldives.
In 1977, the Government of Maldives, with a Japanese investment set up a cannery at Lh.Felivaru, adding commercial value to the daily catch. This began the first industrial scale value addition process in the Maldives fishing industry. To this day, canned tuna is popularly known as Felivaru Masdhalhu.
The Maldivian skipjack industry, a 100% pole and line process is the dominant economic fishery activity in the country.
Mifco's canned tuna is specified as Premium, Fancy, Standard, and local packs that include sauce tuna, and caterers pack. Canned products are manufactured from cooked tuna fish, which is skinned, headed, eviscerated, trimmed of all blood meat, scorched and packed with a covering of oil or brine in hermetically sealed can and sterilized to achieve commercial sterility by application of heat.
The fish is treated by Blast or brine freezing method. The frozen species are Katsuwonus Pelamis “Skipjack” and Thunnus Albacares “Yellowfin” tuna.
Fishmeal, a fertilizer as well as an essential ingredient in poultry, and fish feed, this is by product of the cannery. To reduce amount of waste exhausted from fish products, fish meal is produced from the waste fish from the cannery.
Katsuobushi is the Japanese name for a specific type of smoked dried tuna. Although Katsuobushi is a form of dried skipjack, the product may be said to be similar to the traditional Maldive Fish. However, the process of smoke drying which lasts for 21 days at a minimum as opposed to less than a week's drying for normal smoked skipjack means that Katsuobushi is much drier, therefore a better preserved product. Quality of the product is maintained by using specially imported wood from Japan at specific stages of smoking and by using Refrigerated Containers for shipping the finished product.
There are two kind of loins: cooked loins and frozen loins.
Frozen/chilled yellow fin, gilled and gutted, are exported individually cleaned and packed in master card board boxes with gel ice packets.
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.
Smoked salmon is a preparation of salmon, typically a fillet that has been cured and hot or cold smoked.
Katsuobushi is simmered, smoked and fermented skipjack tuna. It is also known as bonito flakes or broadly as okaka (おかか).
Industry in Maldives centers around fishing and tourism with some overlap between the two with recreational fishing.
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.
The State Trading Organization Plc or STO is a public company with 81.63% of the shares owned by the Maldivian Government with the rest 18.37% being held by the public after the IPO a couple of years ago. The company is controlled by a board of directors headed by a Chairman.
Felivaru Fisheries Maldives (FFM) is a company owned by the government of Maldives. It produces canned tuna and cooked fish for local and export markets.
Fresh fish rapidly deteriorates unless some way can be found to preserve it. Drying is a method of food preservation that works by removing water from the food, which inhibits the growth of microorganisms. Open air drying using sun and wind has been practiced since ancient times to preserve food. Water is usually removed by evaporation but, in the case of freeze-drying, food is first frozen and then the water is removed by sublimation. Bacteria, yeasts and molds need the water in the food to grow, and drying effectively prevents them from surviving in the food.
Maldives fish is cured tuna traditionally produced in Maldives. It is a staple of the Maldivian cuisine, Sri Lankan cuisine, as well as the cuisine of the Southern Indian states and territories of Lakshadweep, Kerala and Tamil Nadu, and in the past it was one of the main exports from Maldives to Sri Lanka, where it is known as umbalakaḍa (උම්බලකඩ) in Sinhala and masikaruvadu in Tamil.It is also produced in small scale using traditional methods in Lakshadweep Islands in India. It is known as massmin in Lakshadweep.
Maldivian cuisine, also called Dhivehi cuisine, is the cuisine of the Republic of Maldives and of Minicoy, India. The traditional cuisine of Maldivians is based on three main items and their derivatives: coconuts, fish and starches.
The term fish processing refers to the processes associated with fish and fish products between the time fish are caught or harvested, and the time the final product is delivered to the customer. Although the term refers specifically to fish, in practice it is extended to cover any aquatic organisms harvested for commercial purposes, whether caught in wild fisheries or harvested from aquaculture or fish farming.
A factory ship, also known as a fish processing vessel, is a large ocean-going vessel with extensive on-board facilities for processing and freezing caught fish or whales. Modern factory ships are automated and enlarged versions of the earlier whalers and their use for fishing has grown dramatically. Some factory ships are equipped to serve as a mother ship.
The fishing industry in the Maldives is the island's second main industry. According to national tradition in the words of former President Maumoon Abdul Gayoom, "Fishing is the lifeblood of our nation, it is inborn. From the soil on which we live, to the sea around us, it remains an integral part of our existence. Fishing, and our country and its people, [are] one and shall remain inseparable forever." The Maldives has an abundance of aquatic life and species of fish. Common are tuna, groupers, dolphin fish, barracuda, rainbow runner, trevally and squirrelfish and many more. Aside from being of essential importance to the economy, fishing is also a popular recreational activity in the Maldives, not only among locals but by tourists. The islands have numerous fishing resorts which cater for these activities.
Fishery and fishing industry plays a significant part in the national economy of Pakistan. With a coastline of about 1,120 km, Pakistan has enough fishery resources that remain to be developed. Most of the population of the coastal areas of Sindh and Balochistan depends on fisheries for livelihood. It is also a major source of export earning.
A fish fillet processor processes fish into a fillet. Fish processing starts from the time the fish is caught. Popular species processed include cod, hake, haddock, tuna, herring, mackerel, salmon and pollock.
A fish company is a company which specializes in the processing of fish products. Fish that are processed by a fish company include cod, hake, haddock, tuna, herring, mackerel, salmon and pollock.
Sardines ("pilchards") are a nutrient-rich, small, oily fish widely consumed by humans and as forage fish by larger fish species, seabirds and marine mammals. Sardines are a source of omega-3 fatty acids. Sardines are often served in cans, but can also be eaten grilled, pickled, or smoked when fresh.
Canned or tinned fish are food fish which have been processed, sealed in an airtight container such as a sealed tin can, and subjected to heat. Canning is a method of preserving food, and provides a typical shelf life ranging from one to five years.