Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Tunacor commissions N$300 million factory

Home National Tunacor commissions N$300 million factory
Tunacor commissions  N$300 million factory

WALVIS BAY – Tunacor Group subsidiary company Namsov showed the fishing industry that value could be added to wet landed horse mackerel. The fishing company yesterday commissioned a state-of-the-art horse mackerel fishing factory to the tune of N$300 million that created an additional 250 jobs at the town.

The new 4 000 solar-roofed factory consists of a cold storage, canteen, truck loading bay, processing equipment and wet fishing vessels.

Speaking at the event yesterday, Tunacor Group board chairperson Sidney Martin said the new addition increases their daily production to 90 metric tons (mt) per day, allowing them to process approximately 25 000mt of horse mackerel per annum. “This will ensure sufficient production capacity to allow us to receive around a year dedicated supply of wet-landed horse mackerel on ice. This will also cater towards catching our own wet horse mackerel quota as well as that of our joint venture partners,” he said.

According to Martin, this new development makes the Tunacor group the largest employer in the fishing industry.

Fisheries minister Derek Klazen, who also witnessed the commissioning, said it is a remarkable achievement for the wet-landed sub-sector, compared to previous years where the majority of horse mackerel was frozen on board the vessels before being exported.

“It warms my heart to note that this new development has created much-needed jobs, especially during these challenging times. As we are all aware, an increase in employment has a positive effect on various sectors in the economy, as well as an improved standard of living, and creates hope for a better tomorrow in all our communities,” he noted.

Klazen also applauded the Tunacor Group for offering investment opportunities for all their operational partners, creating a conducive business environment locally and internationally.

“I want to use this opportunity to encourage right holders to invest in onshore processing, which is directly related to improved product development and market diversification. This is also not the only area where investments are needed in our country right now. My wish is to see all right holders apply innovation, and remain sensitive to the needs of the people of our country.

Tunacor Fisheries, a wholly Namibian-owned company, operates the largest Namibian fishing fleet comprising 12 trawlers and three longliners. The company employs over 2 000 people.