Grupo Marítimo Industrial (Grupomar) announced plans to invest around US$ 48 million on several projects including a new sardine canning plant, a cold storage facility, two boats, and expansions at a shipyard and a packaging site.
Half of resources will be invested on a sardine canning plant in Ensenada, Baja California, along with an industrial freezer. The other half will pay for expansions in its own shipyard and a packaging facility both located in Manzanillo, Colima. The investments will create up to 500 jobs, according to company officials.
Grupomar recently received the required certifications to sell its products in the Middle East, and is expected to begin exports to Turkey, Saudi Arabia and Iran starting this summer.
Through its tuna fish Tuny brand, the company has diversified its exports to Costa Rica, Nicaragua, El Salvador, Guatemala, Canada, Cuba and the Dominican Republic, as a response to commercial barriers it faces in the U.S. market and Europe.