Thai Union Group : World�s largest canned tuna company linked to slavery, environmental crimes

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Bangkok Bank, SCB to offer $1.5 bln loan for Thai Union's Bumble Bee buy
(Reporting by Manunphattr Dhanananphorn; Writing by Khettiya Jittapong; Editing by Simon Webb and Muralikumar Anantharaman)

Dec 19 (Reuters) - Bangkok Bank PCL and Siam Commercial Bank (SCB) will offer a $1.51 billion bridge loan to Thai Union Frozen Products to finance the purchase of U.S. tuna firm Bumble Bee Seafoods, executives from the two banks said.

"We are one of two lenders to support loan to Thai Union Frozen," Pimolpa Suntichok, executive vice president and head of corporate banking at SCB, told Reuters on Friday. The loan would be for up to one year, she added.

A senior executive at Bangkok Bank confirmed that Thailand's top lender would participate in providing the loan to Thai Union.

Thai Union, the world's largest canned tuna producer, said on Friday it has signed an agreement to acquire Bumble Bee for $1.51 billion from a private equity firm.

reuters.com

[Norton]

Huge company selling top tuna brands in US and Europe.

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attempt to clean up Thai seafood image ?

[Norton]

Maybe but probably not. Doubt consumers in US or Euro know tuna is from Thailand.

Thailand is the worlds top producer of canned tuna. Much of the tuna is bought from other countries.

Had an Aussie friend in the business of canning and packaging machines. Had a big market in Thailand. All sorts of international food companies do packaging in Thailand.

[Panama Hat]

Thailand is the worlds top producer of canned tuna.

This is surprising . . .

[Raven]

$1.51 billion is a lot of money to borrow!

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Graham Land
Oct 20, 2015


Pic: Solidarity Center/Jeanne Hallacy, 2014Thai Union Group linked to slavery at sea

In July a New York Times Undercurrent News):

Not just tuna, not just people, but dogs and cats too
Not just tunaGreenpeace demands real change, not just polished cans

Pic: Mike Mozart (Flickr CC)simply not true. Last month 14 brands of canned tuna on the Thai market for sustainability, traceability and equity.

asiancorrespondent.com

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see also :

http://thailandchatter.com/showthrea...tioned-slavery

[Guest]

Perhaps if Greenpeace spent some energy on promoting an 8 food crop agricultural rotation system the demand for terrorist tuna would drop.
But then the eco-nazis never were ones to think outside the box.

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Greenpeace Outraged Over Thai Tuna Fleet
October 21, 2015


Trawlers denuding oceansreported and our own investigative research that Thai Union is seriously implicated in horrendous human rights and environmental abuseshuman rightscanned tuna shopping guide

[Voɔɒlnɘɒl]

Perhaps if Greenpeace spent some energy on promoting an 8 food crop agricultural rotation system the demand for terrorist tuna would drop.
But then the eco-nazis never were ones to think outside the box.

No they don't solve problems they create them. They blow all their trumpets but expect others to do the hard work.

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The Fight to Change the Tuna Industry Is a Fight for People and Planet
Oliver Knowles, Greenpeace Global Tuna Campaign Leader
October 23, 2015


Albacore tuna is stacked and weighed before being shipped to American Samoa to be used for canned tuna. Greenpeace is exposing out of control tuna fisheries. Tuna fishing has been linked to shark finning, overfishing and human rights abuses.
Photograph by Paul Hilton/Greenpeace.

Earlier this month, Greenpeace put Thai Union Group on noticeInvestigations continue to connect the global tuna industry to major human rights abuses, and Thai Union has seen its seafood supply chains linked to forced labor and labor abuse in recent New York Times and Associated Press recent paper 60 percentEmpty Oceans
Nature Climate Change published a paperOut of Control
Change
brands and retailers Arctic drilling.

voices.nationalgeographic.com

[Cyrille]

It's uncomfotable for the drones ,it's even flakier for the tuna

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Greenpeace take John West protest to Liverpool HQ

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TV chef and Greenpeace in Thailand tuna protest


British TV chef Hugh Fearnley-Whittingstall.
[PaulTomlin/Flickr]Greenpeace.
response to the Greenpeace allegations on their websitereported by CNN