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PostPosted: Tue Oct 21, 2014 8:55 am
 


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Feeding China's booming middle-class population has led to a major investment in Nova Scotia's lobster industry by a large Chinese seafood company.

The Zhangzidao Group said it expects to export between 2.3 to 4.5 million kilograms of Nova Scotia lobster to China in the next year and spend millions of dollars on new holding and processing facilities in the province.

"We are here for the long term," said Jack Liu, the president of North American operations for the company.

He said the company will be part of the community and will bring investment and employment.

"We will be sponsoring hockey teams," Liu said with a smile.

On Monday, company officials were in Eastern Passage where a newly-created subsidiary — Capital Seafoods International — has taken over an existing plant.

"It means full time work for us," said Reg Hartlen, the plant manager and a director of Capital Seafoods.

He said the plant has been running with 12 people and expects it will soon employ 40 to 50 people.

The Zhangzidao Group is expected to spend between $1.5 million and $2 million on upgrades at its Eastern Passage facility. The company said it will spend up to $5 million more on another holding facility, likely in southwestern Nova Scotia.

Lobster exports up

Exports of Nova Scotia lobster to China have risen dramatically this year. By August, the amount had hit $55 million — already surpassing the $49-million value of lobster exports for all of last year.

John Nickerson, a buyer for Capital Seafoods, said the entry of the Chinese firm into Nova Scotia is an opportunity the industry hasn't had in recent years.

"What it means is 1,300,000,000 people are now in the market looking for our lobster," he said.

He said fishermen will benefit.

"The fishermen, who risk their lives in a lot of cases, are going to be paid a price that makes them want to get up in the morning and go to work," Nickerson said.

Based in Dalian, China, the Zhangzidao Group started as a fisheries co-op 50 years ago. It has grown into an Asian powerhouse worth more than $2 billion.

Jack Liu of the Zhangzidao Group said his company will be in Nova Scotia for the long term and wants to be part of the community. (CBC)

Liu said the company wants to ship six days a week, year round from Nova Scotia. The challenge is getting the product to China, rather than sales in China.

"We have an army of salespeople on the ground. We will simply add lobster into our existing sales channels to customers," he said.

Liu and other officials say the bottleneck is likely going to be getting lobster out of the Halifax Stanfield International Airport.

"In some cases — and I won't mention airlines — they are decreasing airlift and increasing prices when they should be doing quite the opposite," said Nickerson.

The Zhangzidao Group said it plans to go well beyond just taking lobster from Nova Scotia.

"We will expand into other species, local species as well. For example, sea urchins, haddock, cod, halibut, to bring more value to the local community and the local resource," said Liu.


http://www.cbc.ca/news/canada/nova-scot ... -1.2806229


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PostPosted: Tue Oct 21, 2014 9:18 am
 


Makes sense. they get rich taking our raw materials and selling shit back to us. That's going to impoverish us in the long run, so they'll be taking our food materials as well. Let's just hope we don't sink to importing the end result of those raw materials.


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PostPosted: Tue Oct 21, 2014 9:38 am
 


Actually, it sounds like they'll be shipping lobster to China for sale there, which may mean higher prices for us here down the road(assuming the law of supply and demand).

Still, this is a perfect example of foreign investment creating job opportunities for Canadians, and because this is in the Maritimes, it's a win-win in my books.


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PostPosted: Tue Oct 21, 2014 10:20 am
 


Quote:
"We are here for the long term,"


You've been warned. :idea:


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PostPosted: Tue Oct 21, 2014 2:53 pm
 


bootlegga wrote:
Actually, it sounds like they'll be shipping lobster to China for sale there, which may mean higher prices for us here down the road(assuming the law of supply and demand).

Still, this is a perfect example of foreign investment creating job opportunities for Canadians, and because this is in the Maritimes, it's a win-win in my books.

Want to bet that the only employees in that plant will be Chinese? 8O


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PostPosted: Tue Oct 21, 2014 5:00 pm
 


North America will become the garden for the Chinese Hive


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PostPosted: Tue Oct 21, 2014 5:16 pm
 


raydan wrote:
bootlegga wrote:
Actually, it sounds like they'll be shipping lobster to China for sale there, which may mean higher prices for us here down the road(assuming the law of supply and demand).

Still, this is a perfect example of foreign investment creating job opportunities for Canadians, and because this is in the Maritimes, it's a win-win in my books.

Want to bet that the only employees in that plant will be Chinese? 8O


they have to be. Canadians don't have the right skills to handle lobster the Chinese way. And of course they don't speak the right language to take orders from their overlords.

Lobster is already plenty expensive, except when they have a bountiful year like this one, where even Subway was pushing lobster subs. Lobster being expensive tells us that just for the north american market, there just aren't that many lobsters to go around. So, either the Chinese will fish the shit out of the stock til it collapses, or just divert some of the present catch to China. Don't see how that creates any more jobs in Canada. The same number of lobsters will be processed.


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PostPosted: Tue Oct 21, 2014 5:24 pm
 


Little known fact... there's no lobster in Subway's lobster subs.


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PostPosted: Tue Oct 21, 2014 5:32 pm
 


shhhhh..... he thinks he was living large for awhile on pollock


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PostPosted: Tue Oct 21, 2014 6:49 pm
 


ShepherdsDog wrote:
shhhhh..... he thinks he was living large for awhile on pollock

Ahh...pollock


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PostPosted: Wed Oct 22, 2014 4:03 am
 


ShepherdsDog wrote:
North America will become the garden for the Chinese Hive


... ant colony, more like ...


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PostPosted: Wed Oct 22, 2014 4:50 am
 


Breaking news: the world's last surviving lobster has shot himself.


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PostPosted: Wed Oct 22, 2014 6:46 am
 


raydan wrote:
Want to bet that the only employees in that plant will be Chinese? 8O



They'll be the only ones qualified to put the Formaldehyde into the cans.


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PostPosted: Wed Oct 22, 2014 8:15 am
 


andyt wrote:
Don't see how that creates any more jobs in Canada. The same number of lobsters will be processed.


Perhaps you should have read the article;

Quote:
He said the plant has been running with 12 people and expects it will soon employ 40 to 50 people.


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PostPosted: Wed Oct 22, 2014 8:22 am
 


So where will these 30 extra people get lobsters to process from that aren't being caught now? Doubt there are lots of uncaught lobsters just waiting to be picked off, but with the stock remaining healthy. Alternatively, there are no extra lobsters, so these employees will shipping belobsters to China where as before they (or the people's jobs they are taking) would have been shipping lobsters to North America. I don't see what the magic extra job generator is in this case, unless, as I say, they're catching extra lobsters. I very much doubt that, the NA market would have already been able to absorb all that are available.

How many layoffs will there be as suppliers of the NA market can't get the same amount of lobster as before, because lobsters are now being shipped to China?


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