Multi Million Dollar Investment in Fruit Production

A swiss company plans to invest $20 million over the next two years in the production of passion fruit and guava in Nicaragua, and among the planned investments is construction of a processing plant.

Wednesday, March 21, 2018

Frutco de las Américas S.A. plans to invest $4.5 million in the construction of a processing plant, $1.5 million in the financing of an organic plantation, $2 million in the acquisition of land, $700 thousand in training and planting of passion fruit, and $500 thousand in a guava plantation.

For its part, the Coen business group announced that it will be investing $9 million in the production and processing of passion fruit.

See "Frozen fruit market in Central America"

Regarding the projects that will be executed, the Presidential Delegate for Investments, Álvaro Baltodano, explained to Elnuevodiario.com.ni that " ... the processing plant will start being set up up in the country next July and it is expected that by the beginning of 2019 operations will start. The demand for this fruit will require increasing planting areas, which has raised enthusiasm among producers in the areas of León, Chinandega, Matagalpa, Managua and Carazo, which are 'areas where the product needed to make the factory will be obtained'. "

See also "Fruit juice market in Central America"

In relation to the installed capacity that will be available after the investments, Juan Fernando Ramírez, general manager of the subsidiary Frutco de la Américas S.A., explained that " ... the company will have capacity to process 30,000 tons of passion fruit and 8,000 of mashed bananas, which will be exported to Europe and the United States (80%), and other countries such as Japan (20%). "

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