Marco Fishing: Driving value addition

Festus Nakatana
The Lüderitz-based company Marco Fishing has established itself over the past two decades as a consistent performer in the hake longline fishing sector.

Since 2016 the company has embarked on an expansion initiative whereby it ordered the construction of a new purpose-built longline vessel, the M.F.V. Meka Bay, and recently completed a significant expansion to its factory at Lüderitz.

The factory expansion project broke ground in the second half of 2017 and although suffering from significant delays, was completed at the end of 2018.

The new factory has more than double the original floor size and includes investment into two additional plate freezers, a new spiral freezer and hardener, and new filleting lines with a skinning machine.

A new holding room and bin wash and storage area have also been added. Together these changes enable the factory to produce an array of value-added products ranging from fillets to portions, both skin-on or skinless.

The project also included the construction of new staff areas including a canteen, locker rooms, washrooms and meeting rooms.

As a result of the expansion of the land-based facilities and the addition of a new vessel, Marco Fishing has created more than 100 new permanent positions, further committing itself to regional development and investment in the town of Lüderitz, as well as providing the company with the ability to compete in the higher end of the market for processed hake.

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Namibian Sun 2024-04-25

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 332.14/OZ UP +0.68% | Copper US$ 4.51/lb UP +1.75% | Zinc US$ 2 867.60/T UP 0.22% | Brent Crude Oil US$ 88.89/BBP UP +1.02% | Platinum US$ 914.69/OZ UP +1.39%