Disagro Increases Investment in Colombia

The Guatemalan manufacturer of fertilizers is already planning its second plant in Colombia, with an investment of $7 million.

Thursday, May 3, 2012

The multinational of Guatemalan origin, Disagro, is investing $7 million in a second fertilizer plant to be built in the Caribbean region of Colombia.

This investment follows a first plant opened in 2011 on the Pacific coast with an investment of $6 million.

"We hope to end this year with 9% of the Colombian market. We started in August last year and today we have got to 85% capacity of the (first) plant, which was not expected to happen until the first year of operations," said Vice President of Operations for Disagro, Rodrigo Chacon, according to Siglo21.com.gt.

The size of the Central American market for this Guatemalan company is around 1.4 million tons per year, while Colombia is 1.5 million tons.

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