Cargill plans new Latin American investments
Cargill intends to invest $1 billion in Latin America over the next five years, taking advantage of favorable political conditions in key countries of the region.
Cargill intends to invest $1 billion in Latin America over the next five years, taking advantage of favorable political conditions in key countries of the region. The company also intends to maintain its operation in Venezuela despite the current difficulties.
David MacLennan, president and CEO of Cargill, highlighted the favorable conditions for private investors in countries such as Argentina, Brazil, Colombia and Chile, although he refrained from revealing details of the possible purchases of the company in the upcoming years. "We don't have an exact number right now, but I would say that if we take between $200 and $300 million in Colombia and other countries, it could easily reach US $1 billion in five years," MacLennan said to local news.
He recalled the recent investments of $60 million in Ecuador in a shrimp balanced feed facility and another $1.525 million in 2015 for the purchase of the Norwegian fish meal producer who allowed Cargill to enter in the Chilean market.
"Excluding Venezuela that right now is going through an unfavorable situation, I feel very positive about Latin America," said MacLennan, who specifically highlighted pro-investment policies in Argentina, Brazil, Colombia and Chile.
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