Dairy: Dos Pinos Borrows $19 Million

The German Development and Investment Bank will grant a $19 million loan to Cooperativa de Productores de Leche Dos Pinos R.L., part of which will be invested in modernizing and expanding two production plants.

Thursday, May 13, 2021

Other projects to be financed with the proceeds will include the renovation of the cold chain infrastructure and improving efficiency in the use of resources during the production process.

See "Dairy: What Does the Consumer Think?"

Luis Mastroeni, Director of Corporate Relations and Sustainability at Dos Pinos, said that "... when approving the financing, the German Development Bank placed great value on the unemployment in sustainability that Dos Pinos has had, as well as the local production that generates income for our 1,300 producer associates and more than 5,000 collaborators, especially in the communities with a cooperative presence."

Monika Beck, member of the Board of Directors of the German Development Bank explained that one of its goals "... is to stimulate the growth of local businesses in growing markets and through this loan with Dos Pinos, we also support its great commitment in areas such as education, health, and sustainable waste management."

This loan will increase the cooperative's liquidity to strengthen its market position in the face of the new challenges posed by the Covid-19 pandemic in the food sector, according to an official statement.

Research by CentralAmericaData explains that from January to June 2020, trade in milk and dairy products between Central American countries totaled $183 million, 19% more than what was recorded in the same period 2019.

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More on this topic

Panama: Investment in Attractive Dairy Market

November 2013

The Costa Rican cooperative Dos Pinos plans to reduce the deficit of 110 million liters of milk registered in the country where 300 million liters is consumed a year.

The Costa Rican firm plans to invest $5 million per year for the next five years as part of its market expansion strategy to position itself in the Panamanian dairy industry.

Costa Rica: More Competition in Milk

October 2012

After buying a dairy cooperativas, Florida Bebidas has launched its brand of milk Mu!, and also will be competing in sour cream, ice cream, yogurt and cream.

The new products will be launched next Monday. The milk product Mu! will be offered in two forms, in a long life plastic bag and in Tetra Brik.

Costa Rican Milk Enters Venezuelan Market

June 2012

The Cooperative of Milk Producers of Dos Pinos has started dairy exports to Venezuela, the tenth market in which it will place its products.

In the first year the company will export 240 containers of UHT (long life) milk, equivalent to about $5 million, without ruling out short-term increases in export volumes.

Dairy Industry Foresees Growth in 2012

February 2012

Milk production in Costa Rica grew by 1.5% in 2011 compared to the figures from 2010. Dos Pinos, the market leader, expects to process 5% more in shipments of milk in 2012.

In 2012, the nation's milk production for both domestic consumption and for export, was about 967 million liters, an increase of 1.5% compared to 2010, estimated the National Milk Producers association (Proleche).

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