Austral Group SAA is a Peru-based company engaged in the fishing and food processing sector. Its activities include the extraction and transformation of hydro-biological resources for the production of fish flour and fish oil, as well as the production of such canned and frozen fish as tuna, sardines and mackerel, among others. The Company's products are distributed under the Austral brand and exported to North, Central and South America; Europe; Asia; Africa, and Oceania. As of December 31, 2009, the Company operated six processing plants located in the areas of Ilo, Pisco, Chancay, Huarmey, Coishco and Chicama. It also operates a fleet of 32 ships and vessels with a total storage capacity of more than 13,500 cubic meters. The Company owns one subsidiary: Conservera de las Americas SA and it holds a 50% stake in Corporacion del Mar SA and Pesqueros del Pacifico SA. The Company is an 89.21%-owned indirect subsidiary of Laco AS.