Proficol Begins Operations in Peru
22 August 2012 Proficol, one of the largest companies in the regional agricultural sector, has opened a site in Peru as part of an international expansion plan for the Colombian company. The company already has facilities in Ecuador and Venezuela.
“In Peru we are investing about $5 million; this is simply in the operative part of building a company, hiring staff and acquiring the required equipment, technology, transportation and logistics to cover the entire geography of Peru,” said Jorge Steiner, Proficol Group CEO. “This is the initial investment and it will increase as we take more market position.”
Proficol, a company founded more than 50 years ago in Colombia, has been dedicated to the synthesis, production and commercialization of crop protection products, achieving a significant market share. The Group’s products are manufactured at the plant located in the free zone of Barranquilla, Colombia. The Proficol Group has Makhteshim Agan Industries (MAI) of Israel as a majority shareholder. MAI is the leading manufacturer and distributor of off-patent products for crop protection and non-agricultural areas.
Proficol began operations in Venezuela 15 years ago and has had a presence in Ecuador since 2007. The company’s operation is very important in the Andean region, currently occupying fourth place in the Colombian sector and fourth in the Ecuadorian market.
The Andean region comprises highly competitive markets, where most multinational and national companies are present. In Peru, Proficol will close with a turnover of around U.S. $2.5 million for the remainder of this year and is expected to become the fourth company in importance in this market.
Source: Proficol, Edited by FCI Staff
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