Altamare flourishing under Chinese ownership, CEO says

The manager of a leading Argentine red shrimp firm has said that Chinese investment has allowed his firm to expand its fleet and add more workers.

“Our sales volume continues to grow,” said Hugo Vence, CEO of Altamare SA, a shrimp and fishing fleet operator and processor based in Puerto Madryn, Argentina. Vence said the company has hired 393 more workers – 357 of them Argentinian – since state-owned Shanghai Fishery Group Co. bought Altamare in 2014 through its subsidiary Shanghai Jinyou Deep…

Photo courtesy of Altamare