Friday, Nov. 6, 1.27 pm C.S.T.
Troubled Qingdao Yilufa running at full capacity
Qingdao Yilufa Group, as many other Chinese processors, is facing a tough time, Ren Shuai, sales manager at the firm, said.
As many others, it has been hit by the difficult trading environment for Alaska pollock, and in addition it has been facing difficulties with banks, which are now seeing the seafood processing business as “high risk.”
Several competitors IntraFish talked to over the past three days, said the company is close to bankruptcy, but Shuai said it is operating at full capacity due to the high volumes of stock it bought last year.
“We
