Company History
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Labrador Fishermen's Union Shrimp Company Limited (LFUSC), locally known as the Labrador Shrimp Company began in 1978. The initial meeting to set up the company took place in Lanse au Loup, Labrador. A group of local fishermen gathered to discuss how best to utilize two shrimp licenses reserved for Labrador. A co-operative was formed to apply for these licenses. The Company's first contract to fish shrimp was with a group of companies from the Faroe Islands. The first year of operations resulted in jobs on shrimp vessels for local people and a revenue to the Company, in the amount of $750,000 dollars.

The Company was dedicated to serving Labrador communities from L'Anse au Clair to Cartwright. The mandate of the Company was to provide one share to each fish harvester and to re-invest all profits back into Company operations, for the creation and development of sustainable employment for coastal communities.

Earliest harvesting facilities of the LFUSC included a salt fish plant in Cartwright and a fresh fish operation in Lanse au Loup. In 1982 a decision was made to change the cooperative to a registered limited company with the same mandate and operational goals.

Today the Labrador Shrimp Company operates processing facilities in Lanse au Loup, Mary's Harbour, Charlottetown, Pinsent's Arm and Cartwright and employs over five hundred people on a seasonal basis, in the processing sector and services six hundred fishers throughout Newfoundland and Labrador.
 
Mission Statement
To become a leading provider of multi-species fish products throughout Canada, the United States, and beyond; to expand our processing capabilities in value added and secondary products; and to continue in the role of a leading economic force in the province of Newfoundland & Labrador.