Cargill Plans More Investment in the Region

This year the food producer plans to invest $50 million in its operations in Nicaragua, $20 million in Honduras and between $10 and $15 million in Costa Rica.

Friday, March 20, 2015

In Nicaragua the company will invest in building two plants and strengthening its distribution center, in Costa Rica it will be investing in improving logistics systems and in Honduras resources will be used for renewal of equipment. Additionally, in Costa Rica it plans to renew its distribution fleet, installing a water treatment plant and carry out improvement works in the cooling system of the plant in San Rafael de Alajuela.

Xavier Vargas, president of Cargill Central America, told that "... Since 2011, following the purchase of the national company Pipasa, Costa Rica caught most of the investments by the company in the region. Costa Rica has been our main focus and we believe that our operations are now at the standard we need them to be. Now we have to continue to improve the level of assets in Nicaragua and Honduras. "

"... From 2015 to 2020 the company has planned to invest between $300 and $500 million in the region, with Costa Rica, Honduras and Nicaragua being its core markets."

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