Salmon was a great decision for El Golfo
Due to the gradual decline of fishing quota limits in the fishing industry, the commercial fishing company El Golfo decided to invest in salmon. In September of 2005, general manager Alberto Romero initiated an ambitious four-year plan to establish a salmon production department within the company, and, as states Romero, “Right now we are in the first stage of production but we should finish the year with 8 or 9 thousand tons. We plan to reach 30 thousand harvested tons by 2009.” El Golfo is owned by the investment group Yaconi-Santa Cruz, which has invested nearly US$ 70 million in this new salmon venture. The group expects to reach US$ 140 million in export sales by the end of this year, and by the end of 2009, salmon may well represent close to half of El Golfo’s revenues.
