Ensis cannery under consideration for MIFCO acquisition

1 day ago

Talks have commenced regarding the acquisition of Ensis's cannery in Hulhumale' by the state-run Maldives Industrial Fisheries Company (MIFCO).  The cannery, initially opened by Ensis at a cost of approximately USD 25 million, ceased operations in 2023. The cannery, established in 2009, halted production when MIFCO increased the purchase price of fish to MVR 25, leading to its dormancy for the past