30 Aug 2010

Reef seeking investors in its moribund fishing plant on Niue

4:14 pm on 30 August 2010

The Auckland based Reef Group has confirmed it's seeking companies to buy into its fishing operation on Niue.

The processing plant on the island has been idle for two years following a multi million dollar investment by Reef in a joint venture with the Niue Government.

Managing director, John Gresson, says there've been some conversations with China and also other fishing companies about buying into, or taking over, the Niue business.

Meanwhile Mr Gresson says the company's noni juice plant on Niue is flourishing and it's seeking wild noni growing there to supplement its crop.