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Sapmer 2011 Sales Boost By 60%

Sapmer, the large tuna fishing company based in La Reunion, recorded a 60% growth in its 2011 turnover, a performance superior to its objectives.
The stock-listed group published an annual sale of Euros 77 million, against Euros 48 million in 2010.
In its statement, Sapmer indicates to have more than doubled its activity level between 2009 and 2011, and is therefore particularly confident about the future.
“This performance allows us to reach the objectives we had announced since our stock introduction,” says Yannick Lauri, Sapmer’s CEO. The turnover increase is thanks to good fishing campaigns, the value-enhancing of seafood products in the Mer des Mascareignes processing facilities, as well as a positive sales market, he said.
Sapmer’s fleet currently consists of three purse seiners that the company acquired in 2009 and 2010, the ‘Franche Terre’ and the ‘Manapany’ and the ‘Bernice’, mainly fishing skipjack and yellowfin tuna in the Indian Ocean.
The group awaits the arrival of another two new purse seiners this year, which will supply quality raw material enabling the production of high quality sashimi that has a rapidly growing demand in the market. The first seiner is the ‘Dolomieu’, scheduled to be delivered on March 30th and the delivery of the second is expected at the end of the summer.
“The rapid development of its tuna fleet strengthens Sapmer's position in a market with great potential and represents a new strategic plan for growth,” according to the fishing company.