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Spanish Tuna Canneries Beating The Crisis

In Spain, the domestic tuna canning sector turns out to be a green oasis in the desert of the economic crisis. According to the official list with the 20 best performing food companies, Jealsa (the second in the ranking), Frinsa (the third) and Ignacio González Montes (the seventh) all showed healthy growth in turnover during the worst moments of the recession in Spain.

Jealsa, the innovative cannery presided by Jesús Alonso Fernández, saw its invoiced sales rise by 19% in 2011. It made the second biggest growth in percentages among the top twenty companies, only overtaken by another tuna processor, Consorcio Español Conservero, with headquarters in Santoña, which recorded a growth of 22%. In terms of actual money, however, the difference is overwhelming: Jealsa has sold Euro 81 million more, whereas Consorcio gained only Euro 7 million. The fourth in the rating was Ramiro Carregal’s cannery Frinsa, a company with headquarters in Carballo. It is estimated to have grown by 15%, just like the international cannery Calvo. The income of Frinsa rose by Euro74 million, whereas the latter by Euro 47 million.

In the ranking based on the increase of sales in actual Euros, the top companies are followed by tuna canner Garavilla with its Isabel brand (Euro 35 million), Ignacio González - brand Dorita and Consorcio Español (Euro 7 million each), and finally Conservas del Noroeste (Euro 6 million) which markets  the Cabo de Penas canned seafood brand.

Based on the ranking, the region of Barbanza is singled out as the main region of Spain in the manufacture of canned food. What is more, also Calvo, Salica, Dani and Friscos have factories in the region (in Esteiro, Carnota and A Pobra, respectively), and there are some local companies present like Luis Escurís Batalla, Conservas Franco, Lou and Ortiz, or Conservera de Rianxo do not appear in this growth ranking. It means that this region with its canneries is more than ever before the major economic engine south of La Coruña.

Barbanza’s endurance in crisis is also proved by the low unemployment rate and the Company Register List. Now that companies must file the annual accounts before September, the last financial year reported was 2011 and there is more growth expected within the 2012 numbers. So far, Jealsa revealed its provisional 2012 data with invoiced sales of about Euro 570 million, whereas Frinsa projects it will reach a turnover of Euro 380 million.