Pescanova

Pescanova, S.A. is a Spanish fishing company based in Redondela, Galicia. Its base of operations is the port of Vigo. The Pescanova group operates in 21 countries with approximately 3,400 employees. The group includes such companies as: Eiranova Castletownbere Argenova S.A., Bajamar Séptima, S.A., Frinova S.A., Pescafresca S.A., Marnova Lda, Pescamar Lda, Pesquerias Belnova SA, Frigodis SA, Krustanord, SA, Pescafina, SA, Acuinova, Aliholding, Fishco, Pesca Chile, Novagroup, Novalogistics, Hesper Engineering, Novamarine & Chandling, United Container Depots, Shipwright Services, Novagroup Namibia Ltd, Novacargo Ltd, Novanam, Container Trust In April 2013, the company filed for bankruptcy due to liquidity problems.HistoryPescanova was founded in 1960 by José Fernández López, who established the company in Vigo. From its beginnings Pescanova introduced cutting-edge technology for the complete activity of fish processing, best defined by the factory ship which was not common in Spain at the time. The business model worked and allowed a continued growth making it one of the biggest firms in the fishing industry.In 1980 Manuel Fernández de Sousa-Faro, the son of the founder, took over the presidency and, after a period of restructuring, Pescanova became a multinational empire. In 1985 it joined Madrid Stock Exchange.