FIRST FISHING SEASON 2009 WITH ITQ COPEINCA PROCESSES 15.44% OF THE QUOTA

FIRST FISHING SEASON 2009 WITH ITQ COPEINCA PROCESSES 15.44% OF THE
QUOTA

ID: 4613

(Thomson Reuters ONE) - In reference to the announcement released on 3 April, 2009 regardingthe first fishing season 2009 with ITQ, Copeinca processed 15.44% ofthe total Peruvian quota, of which 4.93% came from third parties.Copeinca produced 120,000 MT of fishmeal and 30,500 MT of fish oil.Fish oil production had a 5.81% yield."This first fishing season with ITQ has been a success. We arebeginning to experience the efficiencies related to this new law.Production has been higher than last season with Olympic race fishing(15.44% vs. 14.36%) operating with significant fewer assets, 5 plantsin the center north (PRE - ITQ = 10 plants) ) and 35 vessels (PRE-ITQ = 64 VESSELS). We look forward to the future seasons, in whichwe will achieve the expected 30-40% increase in EBITDA" says CEO,Samuel Dyer Coriat.* The maximum allowable catch limit of anchovy for indirect humanconsumption for the first fishing season was 3,500,000 MT and theseason began on 20 April, 2009. Real catch was 3,420,000 MT.For further information, please contact:CEO Samuel Dyer, sdyerc(at)copeinca.com.peCFO Eduardo Castro-Mendivil, ecastromendi(at)copeinca.com.peTel. (511) 213-4000About Copeinca ASACopeinca ASA is one of the largest fishmeal and fish oil producers inPeru. The Company produces its fishmeal and fish oil from anchovyharvested off the coast of Peru, and most of its production isexported. Key countries for export are China, Japan, Germany, Canada,Chile and Denmark. Typical customers are fish and animal feedproducers as well as refineries for omega-3 products. Copeinca ASAruns its operations out of Lima and has its own fleet. Copeinca ASAoperates 6 plants located in strategic locations all around thePeruvian coast line. The company has around 2,000 part and full timeemployees.Please visit www.copeinca.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



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Bereitgestellt von Benutzer: hugin
Datum: 12.08.2009 - 08:05 Uhr
Sprache: Deutsch
News-ID 4613
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