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Pesquera Transantartic

Sector: Commercial • Location: Chile

Source: Inter-American Development Bank (IADB)

Project
Repaid

Trans Antartic cans fish and shellfish for sale in Chile under the Robinson Crusoe label and for export, principally to Spain. It is an affiliate of the Spanish company Jealsa Rianxeira S.A., which is the parent company of Grupo Jealsa. Grupo Jealsa ranks first in the Spanish canned fish and shellfish market and second in the European market.Trans Antartic has requested a 3 million euro A loan and

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The project “Pesquera Transantartic” is an infrastructure initiative in the Commercial sector, located in Chile. Taiyo aggregates data on it from Inter-American Development Bank (IADB).

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Description

Description

Trans Antartic cans fish and shellfish for sale in Chile under the Robinson Crusoe label and for export, principally to Spain. It is an affiliate of the Spanish company Jealsa Rianxeira S.A., which is the parent company of Grupo Jealsa. Grupo Jealsa ranks first in the Spanish canned fish and shellfish market and second in the European market.Trans Antartic has requested a 3 million euro A loan and a 5 million euro B loan from the IIC for refinancing liabilities incurred in building a new plant completed in late 2006 that is now fully operational, as well as for working capital. A supply agreement with Escurís S.R.L., another Grupo Jealsa affiliate, will make it possible for Trans Antartic's sales to grow considerably; this will increase its working capital requirements.

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High

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