Seafood

Manufacturing

Investment Opportunities

Marshall Islands has an infant manufacturing sector with two main manufacturing enterprises – a copra processing plant which can process 15,000 tons copra & make 10,000 tons crude oil, and a loining plant whose production has been averaging 2,000 tons since 2008.

These enterprises prove that more manufacturing enterprises can be developed particularly in:

  • Seafood processing
  • Food processing
  • VCO Production – soap, body oil, lotion, etc.
  • Light manufacturing
  • Scrap recycling & waste management
  • Coconut-based light industries e.g. coir fiber brooms, brushes, doormats, mattresses, ropes and coconut timber products.

There is also potential for expansion of production and export of handicraft products using pandanus and other local materials. Marshallese handicrafts are known for being one of the best in the Pacific region, due to its high quality of material and output. Most handicraft makers are currently exporting their products to the Hawaiian market. Some are also exporting to Japan.

The following are investment opportunities:

  • Fishing
  • Cold storage & refrigeration facilities
  • Fish processing & canning
  • Service center, providing vessel & net repair, refueling, wholesale & retail
  • Fishing vessels
  • Fish farming

Marshall Islands is an active member of the:

  • Parties to the Nauru Agreement (PNA);
  • Pacific Islands Forum Fisheries Agency; and
  • Western & Central Pacific Fisheries Commission

Majuro has the necessary infrastructure and facilities for fishing activities, including:

  • A deep-water harbor with container handling facilities,
  • A fish based complex equipped with bulk icing facility,
  • A 10 million liter bulk fuel storage bunker facility,
  • Regular international shipping service, and
  • An international airport with regular direct flights to Guam & Honolulu

Current investors include:

  • Luen Thai Fishing Venture, a subsidiary of Luen Thai International Group of Hong Kong
  • Koo’s Fishing Company of Taiwan
  • Shanghai Deep Sea Fisheries Co Ltd of Shanghai, China parent company on Pan Pacific Foods – exports 2,000 metric tons of semi processed fish per year since 2008
  • Hukilau Foods of Honolulu, a subsidiary of Kauai’s Grove Farm Co.
  • Diamond Head Seafood Company of Hawaii