Food FDI investment trend

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Study of the investment trend of american companies in Latin America

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Food FDI investment trend

  1. 1. Food TrendJanuary 2003 to June 2012
  2. 2. Food Trend January 2003 to June 2012ContentsIntroduction 1Executive Summary 2Key Trends 3Companies 5Industry Analysis: Business Activity 7Source Countries 8Source Cities 9Destination Countries 10Destination Cities 11Project Profiles 12IntroductionThe report examines foreign direct Headline figuresinvestment (FDI) trends by all companies No of FDI projects 103from Latin America & Caribbean investingin the food & tobacco sector between Total jobs created 18,688January 2003 and June 2012. Average project size (jobs) 181 Total capital investment USD 3,981.21 mThe report includes estimated values oncapital investment and the number of jobs Average project size USD 38.70 mcreated in cases where information was notavailable at project announcement.Retail and inter-state projects are excludedfrom this report.19 June 2012 Page: 1
  3. 3. Food Trend January 2003 to June 2012Executive SummaryFDI projects peaked in 2011Some 18 projects, or 17.5% of projects, were recorded in 2011. This was the year in whichthe highest numbers of projects were recorded. During this period a total of 3,936 jobs werecreated and USD 791.30 million capital was invested by these projects, equating to a 21.1%and 19.9% of total jobs and capital investment respectively.Key investors account for two-fifths of projects.The top 10% of investors have created a total of 41 projects, 40% of the total projects. Theseinvestors have created a combined total of 8,774 jobs, which equates to almost half of theoverall total. The combined capital investment from these companies reached USD 1.87billion, equating to almost half of the total for all companies.Manufacturing is top business activity with almost two-thirds of projects.Out of a total of six business activities, Manufacturing accounted for 65% of projects. Projectvolume in this business activity peaked during 2010, with 11 projects tracked. Total jobscreation and capital investment in this business activity was 16,028 jobs and USD 3.36billionrespectively.Largest projects originate in MexicoWith an average project size of USD 46.70 million, projects originating in Mexico areapproximately 1.2 times larger than the average across all source countries. Ranked secondin overall projects recorded with 29 in total, Mexico created a total of 6,648 jobs and USD1.35 billion capital investment.Top five destinations attract almost half of projects.Out of a total of 33 destination countries, the top five account for almost half of projects.United States is the top destination country accounting for one-fifth of projects tracked. Totalinvestment into United States resulted in the creation of 2,842 jobs and USD 562.20 millioncapital investment, equating to an average of 135 jobs and USD 26.80 million investment perproject.19 June 2012 Page: 2
  4. 4. Food Trend January 2003 to June 2012Key FDI TrendsBetween January 2003 and June 2012 a total of 103 FDI projects were recorded. Theseprojects represent a total capital investment of USD 3.98 billion, which is an averageinvestment of USD 38.70 million per project. During the period, a total of 18,688 jobs werecreated.The largest number of projects was announced in 2011, with 18 projects that year. Averagecapital investment peaked in 2008, while average job creation peaked in 2006.Headline FDI trends by year Jobs created Capital investment Number of % growthYear projects per annum Total (USD Average Total Average m) (USD m)2012 6 n/a 442 73 111.70 18.602011 18 5.9 3,936 218 791.30 44.002010 17 54.5 2,259 132 431.40 25.402009 11 37.5 1,608 146 517.70 47.102008 8 n/a 1,880 235 641.80 80.202007 14 133.3 2,400 171 386.40 27.602006 6 n/a 2,153 358 338.40 56.402005 6 n/a 1,015 169 200.00 33.302004 10 42.9 2,328 232 420.10 42.002003 7 n/a 667 95 142.40 20.30Total 103 n/a 18,688 181 3,981.20 38.70 Source: fDi Intelligence from The Financial Times LtdWhen allocated into bands, projects creating 100 jobs or more represent the majority ofprojects, while projects creating between 25 and 49 jobs represent more than one-fifth ofprojects.Number of FDI projects by jobs created and year 2012 4 1 1 2011 1 1 1 15 2010 3 1 3 2 8 2009 4 1 1 5 2008 2 3 3 2007 3 1 1 9 2006 1 5 2005 1 1 4 2004 1 1 1 1 6 2003 3 1 1 2 9 or less 10 to 24 25 to 49 50 to 74 75 to 99 100 or more Source: fDi Intelligence from The Financial Times Ltd19 June 2012 Page: 3
  5. 5. Food Trend January 2003 to June 2012In terms of project type, 86.4% of Number of projects by typeprojects are greenfield investments.Greenfield projects have an averagecapital investment of USD 40.70 millionand job creation of 184 per project. Greenfield 12 2 ExpansionThe average capital investment forexpansion and co-location is USD 24.60 89 Co-locationmillion and USD 31.00 millionrespectively. The average number ofjobs created in these project types is Source: fDi Intelligence from The Financial Times Ltd179 and 40 respectively.19 June 2012 Page: 4
  6. 6. Food Trend January 2003 to June 2012CompaniesA total of 51 companies from Latin America & Caribbean invested in food & tobacco sectorsbetween January 2003 and June 2012, out of a total 38,879 companies investing in FDIglobally.Number of companies by year and percentage of all companies 0,1% 0,1% 0,1% 0,1% 0,1% 0,1% 0,1% 13 13 12 6 6 6 6 7 4 0,0% 0,0% 0,0% 4 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 No of Companies % of Companies Source: fDi Intelligence from The Financial Times LtdThe top 10 companies accounted for a combined total of 55 projects (53.4% of projects).Within the past 12 months, six of the top 10 companies have announced projects, withMarfrig being the top investor for this period with seven projects.Top 10 companies: number of projects % of Projects No of GlobalCompany name Source country global in last 12 projects projects* projects** mthsMarfrig Brazil 11 11 100 7Gruma Mexico 10 10 100 1Arcor Group Argentina 7 7 100 2Grupo Bimbo Mexico 7 7 100 1JBS Brazil 6 8 75 0Gloria Peru 3 3 100 0Sadia Brazil 3 3 100 0Alpina Productos Alimenticios Colombia 3 3 100 0Sopraval Chile 3 3 100 3BRF Brasil Foods Brazil 2 2 100 2 *Total number of projects worldwide from the company regardless of report criteria. ** The share of global projects from the company which match report criteria. Source: fDi Intelligence from The Financial Times Ltd19 June 2012 Page: 5
  7. 7. Food Trend January 2003 to June 2012The top 10 companies account for 59.9% of job creation and 61.3% of capital investment.Top 10 Companies: Jobs Created and Capital Investment Jobs created Capital investmentCompany Name Average Total Average Total per (USD m) (USD m) projectMarfrig 1,513 137 400.10 36.40Gruma 3,686 368 757.80 75.80Arcor Group 1,370 195 275.30 39.30Grupo Bimbo 785 112 163.30 23.30JBS 1,420 236 275.50 45.90Gloria 993 331 151.80 50.60Sadia 562 187 166.30 55.40Alpina Productos Alimenticios 362 120 61.90 20.60Sopraval 123 41 31.40 10.50BRF Brasil Foods 386 193 158.60 79.30 Source: fDi Intelligence from The Financial Times LtdIn terms of company size, almost half of companies have an annual turnover of USD 5.00billion or higher.Size of companies by turnover 1 3 USD 5.00 bn or higher 6 USD 1.00 bn to 4.99 bn 22 USD 100.00 m to USD 999.99 m USD 50.00 m to USD 99.99 m USD 25.00 m to USD 49.99 m 14 USD 24.99 m or less Source: fDi Intelligence from The Financial Times LtdDuring the period July 2011 to June 2012, 7 projects (58.3%) were announced by 4companies (50%) that had not previously had a project recorded by fDi Markets since 2003.These investments created a total of 1,097 jobs and generated USD 295.23 million capitalinvestment.19 June 2012 Page: 6
  8. 8. Food Trend January 2003 to June 2012Industry Analysis: Business ActivityOut of a total of six business activities, Manufacturing accounts for almost two-thirds ofprojects. Project volume in this business activity peaked during 2010, with 11 projectstracked.Number of FDI projects by year and business activity 2012 2 4 2011 10 1 6 1 2010 11 2 3 1 2009 5 3 2 1 2008 6 1 1 2007 8 2 2 1 1 2006 5 1 2005 4 1 1 2004 10 2003 6 1 Manufacturing Sales, Marketing & Support Logistics, Distribution & Transportation Headquarters Research & Development Construction Source: fDi Intelligence from The Financial Times LtdManufacturing has generated the highest number of total jobs and greatest investment witha total of 16,028 jobs and USD 3.36 billion investment. This business activity also has thelargest project size on average in terms of both investment and jobs creation.FDI trends by business activity No of Jobs Created Capital investmentBusiness activity projects Total Average Total Average (USD m) (USD m)Manufacturing 67 16,028 239 3,360.80 50.20Sales, Marketing & Support 16 919 57 153.40 9.60Logistics, Distribution & Transportation 14 1,249 89 397.90 28.40Headquarters 4 288 72 59.00 14.80Research & Development 1 3 3 0.10 0.10Construction 1 201 201 10.00 10.00Total 103 18,688 181 3,981.20 38.70 Source: fDi Intelligence from The Financial Times Ltd19 June 2012 Page: 7
  9. 9. Food Trend January 2003 to June 2012Source CountriesOut of a total of 17 source countries, the top five account for the majority of projects. Brazil isthe top source country accounting for almost one-third of projects tracked. Project volume inthis source country peaked during 2011, with 10 projects tracked.Number of FDI projects by year and source country 2012 1 1 1 3 2011 10 3 1 1 3 2010 7 4 1 1 1 3 2009 1 8 1 1 2008 5 3 2007 3 4 1 4 2 2006 4 1 1 2005 2 2 2 2004 1 1 3 4 1 2003 2 2 1 2 Brazil Mexico Argentina Costa Rica Peru Other source countries Source: fDi Intelligence from The Financial Times LtdMexico has generated the highest number of total jobs and greatest investment with a totalof 6,648 jobs and USD 1.35 billion investment. This source country also has the largestproject size on average in terms of both investment and jobs creation.FDI trends by source country No of No of Jobs Created Capital investmentSource country projects companies Total Average Total Average (USD m) (USD m)Brazil 32 17 5,070 158 1,185.60 37.00Mexico 29 16 6,648 229 1,354.50 46.70Argentina 9 4 1,446 160 285.40 31.70Costa Rica 7 5 931 133 137.60 19.70Peru 6 4 1,074 179 172.20 28.70Chile 5 3 372 74 53.10 10.60Colombia 4 2 365 91 62.00 15.50El Salvador 2 1 409 204 60.90 30.40Dominican Republic 1 1 121 121 24.60 24.60Ecuador 1 1 110 110 10.00 10.00Other source countries 7 7 2,086 298 626.60 89.50Total 103 61 18,688 181 3,981.20 38.70 Source: fDi Intelligence from The Financial Times Ltd19 June 2012 Page: 8
  10. 10. Food Trend January 2003 to June 2012Source CitiesOut of a total of 29 source cities, the top five account for the majority of projects. Sao Paulois the top source city accounting for one-fifth of projects tracked. Project volume in thissource city peaked during 2011, with nine projects tracked.San Pedro Garza García has generated the highest number of total jobs, while Sao Paulohas the highest total investment. Hamilton has the largest project size on average in termsof both investment and jobs creation.FDI trends by source city Capital Projects Companies JobsSource city Investment Created No % No % (USD m)Sao Paulo 21 20.39 9 14.75 3,394 849.30San Pedro Garza García 10 9.71 2 3.28 3,686 757.80Mexico City 9 8.74 6 9.84 950 241.30Buenos Aires 7 6.80 2 3.28 1,370 275.30Santiago 5 4.85 3 4.92 372 53.10Bogotá 4 3.88 2 3.28 365 62.00Concórdia 3 2.91 1 1.64 562 166.30Cartago 2 1.94 1 1.64 540 81.80Heredia 2 1.94 2 3.28 339 46.80Alajuela 2 1.94 1 1.64 48 8.60Quatá 2 1.94 1 1.64 30 3.60Garza Garcia 2 1.94 1 1.64 403 60.50San Salvador 2 1.94 1 1.64 409 60.90Lima 2 1.94 2 3.28 75 19.70Bauru 1 0.97 1 1.64 27 3.50Cambe 1 0.97 1 1.64 488 70.00Hamilton 1 0.97 1 1.64 1,367 533.30Torreón 1 0.97 1 1.64 75 38.10Culiacan 1 0.97 1 1.64 697 100.00Guatemala City 1 0.97 1 1.64 270 40.90Other source cities 9 8.74 9 14.75 1,125 163.50Not Specified 15 14.56 12 19.67 2,096 344.90Total 103 100.00 61 100.00 18,688 3,981.20 Source: fDi Intelligence from The Financial Times Ltd19 June 2012 Page: 9
  11. 11. Food Trend January 2003 to June 2012Destination CountriesOut of a total of 33 destination countries, the top five account for almost half of projects.United States is the top destination country accounting for one-fifth of projects tracked.Project volume in this destination country peaked during 2010, with five projects tracked.Number of FDI projects by year and destination country 2012 1 1 1 3 2011 3 7 8 2010 5 1 1 1 9 2009 4 1 1 5 2008 1 1 1 1 4 2007 4 1 9 2006 1 1 4 2005 1 1 1 3 2004 1 3 1 5 2003 3 4 United States China Brazil UK Argentina Other destination countries Source: fDi Intelligence from The Financial Times LtdBrazil has both the highest total and highest average investment at USD 750.50 millionoverall and USD 107.20 million per project. China has received the highest number of totaljobs, while Bolivia has the largest project size with 331 jobs per project on average.FDI trends by destination country No of No of Jobs Created Capital investmentDestination country projects companies Total Average Total Average (USD m) (USD m)United States 21 16 2,842 135 562.20 26.80China 14 7 3,236 231 617.10 44.10Brazil 7 5 2,221 317 750.50 107.20UK 4 3 277 69 70.10 17.50Argentina 3 3 680 226 85.20 28.40France 3 2 107 35 32.50 10.80Honduras 3 2 679 226 101.80 33.90Nicaragua 3 3 975 325 142.00 47.30Bolivia 3 1 993 331 151.80 50.60Russia 3 3 943 314 267.20 89.10Other destination countries 39 38 5,920 151 1,251.70 32.10Total 103 61 18,688 181 3,981.20 38.70 Source: fDi Intelligence from The Financial Times Ltd19 June 2012 Page: 10
  12. 12. Food Trend January 2003 to June 2012Destination CitiesOut of a total of 60 destination cities, the top five account for more than one-eighth ofprojects. Shanghai is the top destination city accounting for 3.9% of projects trackedShanghai has received the highest number of total jobs and greatest investment with a totalof 999 jobs and USD 169.60 million investment. Seminole (OK) and Hyrum (UT) have thelargest project size on average in terms of investment and jobs creation, respectively.FDI trends by destination city Projects Companies Capital JobsDestination city Investment Created No % No % (USD m)Shanghai 4 3.88 4 6.56 999 169.60Hong Kong 3 2.91 3 4.92 463 48.60Beijing 3 2.91 3 4.92 431 94.00Los Angeles (CA) 2 1.94 2 3.28 450 102.30Managua 2 1.94 2 3.28 705 101.10Ipswich 1 0.97 1 1.64 50 22.00Seminole (OK) 1 0.97 1 1.64 400 60.00Lakeland (FL) 1 0.97 1 1.64 133 23.00Arcadia (CA) 1 0.97 1 1.64 121 24.60Medley (FL) 1 0.97 1 1.64 3 0.50Lovington (NM) 1 0.97 1 1.64 75 38.10Not Specifed 1 0.97 1 1.64 17 2.50Topeka (KS) 1 0.97 1 1.64 50 30.00Batavia (NY) 1 0.97 1 1.64 50 15.00Marquise 1 0.97 1 1.64 40 14.50Marshalltown (IA) 1 0.97 1 1.64 30 40.00Chimaltenango 1 0.97 1 1.64 54 3.00Live Oak (FL) 1 0.97 1 1.64 250 1.50Tegucigalpa 1 0.97 1 1.64 270 40.90Hyrum (UT) 1 0.97 1 1.64 420 30.00Other destination cities 40 38.83 40 65.57 5,976 1,419.50Not Specified 34 33.01 27 44.26 7,701 1,700.50Total 103 100.00 61 100.00 18,688 3,981.20 Source: fDi Intelligence from The Financial Times Ltd19 June 2012 Page: 11
  13. 13. Food Trend January 2003 to June 2012Project ProfilesMarch 2012 - Arcor Group into IndiaArcor Group (Buenos Aires, Argentina) is investing in the city of New Delhi, India in the Food& Tobacco sector in a Sales, Marketing & Support project.Argentina-based confectionary manufacturer Arcor has opened its first commercial office inNew Delhi, India. The company primarily manufactures confectionary, including candies,lollipops, chewing gum, nougat and marshmallows.Company contact: Luis Alejandro Pagani (Chairman)Jobs Created: 48 (est) Investment: USD 11.70 million (est)FDI project type: GreenfieldFebruary 2012 - Agrosuper, a subsidiary of Sopraval into ChinaAgrosuper, a subsidiary of Sopraval (Santiago, Chile) is investing in the city of Shanghai,China in the Food & Tobacco sector in a Sales, Marketing & Support project.Agrosuper, a fresh meat producer, has opened a representative office in Shanghai, China.Agrosuper specialises in the production of chicken, pork, turkey, salmon and processedfoods.Company contact: Gonzalo Vial (Founder, Agrosuper)Jobs Created: 48 (est) Investment: USD 11.70 million (est)FDI project type: GreenfieldFebruary 2012 - Agrosuper, a subsidiary of Sopraval into Hong KongAgrosuper, a subsidiary of Sopraval (Santiago, Chile) is investing in the city of Hong Kong,Hong Kong in the Food & Tobacco sector in a Sales, Marketing & Support project.Agrosuper, a fresh meat producer, has opened a subsidiary in Hong Kong. The newcompany will seek to increase the companys presence in the Asian market. Agrosuperspecialises in the production of chicken, pork, turkey, salmon and processed foods.Company contact: Gonzalo Vial (Founder, Agrosuper)Jobs Created: 48 (est) Investment: USD 11.70 million (est)FDI project type: GreenfieldFebruary 2012 - Agrosuper, a subsidiary of Sopraval into BrazilAgrosuper, a subsidiary of Sopraval (Santiago, Chile) is investing in Brazil in the Food &Tobacco sector in a Sales, Marketing & Support project.Agrosuper, a fresh meat producer, has opened a subsidiary in Brazil. The new company willfocus on the marketing the companys meat products for the domestic market. Agrosuperspecialises in the production of chicken, pork, turkey, salmon and processed foods.Company contact: Gonzalo Vial (Founder, Agrosuper)19 June 2012 Page: 12
  14. 14. Food Trend January 2003 to June 2012Jobs Created: 27 (est) Investment: USD 8.00 million (est)FDI project type: GreenfieldJanuary 2012 - Plusfood, a subsidiary of BRF Brasil Foods into NetherlandsPlusfood, a subsidiary of BRF Brasil Foods (Sao Paulo, Brazil) is investing in Netherlands inthe Food & Tobacco sector in a Manufacturing project.Processed food and food product manufacturing company Plusfood, a subsidiary of BRFBrasil Foods, has opened a new production facility in Oosterwolde, Netherlands to supplyproducts to both retail and food service customers in the UK and European markets.Company contact: Simon Bloys (General Manager (UK and Ireland), Plusfood)Jobs Created: 62 (est) Investment: USD 38.60 million (est)FDI project type: GreenfieldJanuary 2012 - Grupo Bimbo into ArgentinaGrupo Bimbo (Mexico City, Mexico) is investing in the city of Cordoba, Argentina in the Food& Tobacco sector in a Manufacturing project.Mexico-based bakery company Grupo Bimbo is investing $30m in a new plant in Cordoba,Argentina. The development of the facility will generate 450 new jobs and the factory willbegin operations in January 2013. The plant will produce the traditional Bimbo, Fargo yLactal bread brands.Company contact: Sebastian Reynoso (Chief Executive Officer (Argentina))Jobs Created: 209 (est) Investment: USD 30.00 millionFDI project type: GreenfieldDecember 2011 - Central American Bottling Corporation into Trinidad & TobagoCentral American Bottling Corporation (Guatemala City, Guatemala) is investing in Trinidad& Tobago in the Food & Tobacco sector in a Manufacturing project.Guatemala-based Central American Bottling Corporation (CabCorp), a beverage producer,plans to invest $50m in Trinidad & Tobago. A proportion of this amount will be used toestablish a sugar refinery and a palm oil and lime plant to serve the Caribbean region.Jobs Created: 270 (est) Investment: USD 40.90 million (est)FDI project type: GreenfieldNovember 2011 - Mission Foods, a subsidiary of Gruma into United StatesMission Foods, a subsidiary of Gruma (San Pedro Garza Garcia, Mexico) is investing in thecity of Lakeland (FL), United States in the Food & Tobacco sector in a Manufacturing project.Mission Foods, a subsidiary of Mexico-based Gruma, is set to open a 15,645 sq m plant inLakeland, Florida. The tortilla manufacturing facility will create 133 jobs and will see a capitalinvestment of $23m. Mission Foods has 15 plants throughout the US.Jobs Created: 133 Investment: USD 23.00 million19 June 2012 Page: 13
  15. 15. Food Trend January 2003 to June 2012FDI project type: GreenfieldOctober 2011 - Dos en Uno, a subsidiary of Arcor Group into ChileDos en Uno, a subsidiary of Arcor Group (Buenos Aires, Argentina) is investing in the city ofSantiago, Chile in the Food & Tobacco sector in a Manufacturing project.Confectionary manufacturer Dos en Uno, a subsidiary of Argentina-based Arcor, will invest$40m to build new plant in Chile. The factory will be located in Santiago and its constructionwill be completed in December 2014. Dos en Uno primarily manufactures candy products.Jobs Created: 279 (est) Investment: USD 40.00 millionFDI project type: GreenfieldAugust 2011 - BRF Brasil Foods into UAEBRF Brasil Foods (Sao Paulo, Brazil) is investing in UAE in the Food & Tobacco sector in aManufacturing project.Food processing company Brasil Foods is to invest $120m to set up a plant in the UnitedArab Emirates. The new factory will be able to process 80,000 tonnes of products per year,including hamburgers, pizzas, and frozen pies. It is expected to be operational at the end of2012.Jobs Created: 324 (est) Investment: USD 120.00 millionFDI project type: GreenfieldAugust 2011 - Union De Initiative into NigeriaUnion De Initiative (Mexico) is investing in Nigeria in the Food & Tobacco sector in aManufacturing project.Mexico-based Union De Initiative will establish a banana plantation in Rivers State, Nigeria,as part of a joint venture with the state government. The partners will invest N10bn in theproject, with Union De Initiative contributing 60% and the state contributing 40%.Company contact: Gabriel Airedondo (Representative)Jobs Created: 318 (est) Investment: USD 64.33 millionFDI project type: GreenfieldJuly 2011 - Molinos de El Salvador (Molsa) into HondurasMolinos de El Salvador (Molsa) (San Salvador, El Salvador) is investing in the city of SanPedro Sula, Honduras in the Food & Tobacco sector in a Manufacturing project.El Salvador-based Grupo Molsa, a company that specialises in wheat flour for the bakingindustry, has announced a $20m investment in San Pedro Sula, Honduras for theconstruction of a flour mill.Jobs Created: 139 (est) Investment: USD 20.00 millionFDI project type: Greenfield19 June 2012 Page: 14
  16. 16. Food Trend January 2003 to June 2012May 2011 - Sukarne, a subsidiary of Grupo Viz into NicaraguaSukarne, a subsidiary of Grupo Viz (Culiacan, Mexico) is investing in the city of Managua,Nicaragua in the Food & Tobacco sector in a Manufacturing project.Mexican meat products supplier Sukarne has established a $100m livestock facility inManagua, Nicaragua. The new facility includes 10 feed storage centres, a slaughterhouse,and boning plant. It is equipped with fattening corrals for 50,000 head of cattle. The projectwas financed by the worlds largest livestock bank, Rabobank of Holland.Company contact: Jesus Vizcarra Calderon (Chairman, Board of Directors)Jobs Created: 697 (est) Investment: USD 100.00 millionFDI project type: GreenfieldApril 2011 - Florexpo into SpainFlorexpo (Paraiso, Costa Rica) is investing in the city of Madrid, Spain in the Food &Tobacco sector in a Headquarters project.Costa Rica-based Florexpo, a producer of unrooted cuttings, has invested E300,000 andcreated four new jobs with the opening of European headquarters in Madrid, Spain.Jobs Created: 4 Investment: USD 0.40 millionFDI project type: GreenfieldApril 2011 - Keystone Foods, a subsidiary of Marfrig into ChinaKeystone Foods, a subsidiary of Marfrig (Sao Paulo, Brazil) is investing in the city of Wuhan,China in the Food & Tobacco sector in a Logistics, Distribution & Transportation project.Brazil-based Marfrig, through its subsidiary Keystone Foods will enter into a new jointventure called "Cofco Keystone Foods Supply Chain (China)" with China-based Cofco, anoils and food import/exporter. With operations projected to start in 2012, the new companywill open six distribution centres in Beijing, Shenzhen, Chengdu, Shanghai, Shenyang andWuhan. The new company will explore business opportunities in food logistics anddistribution services in China. The total investment in the JV is estimated at $252m over 10years.Jobs Created: 140 (est) Investment: USD 46.20 million (est)FDI project type: GreenfieldApril 2011 - Keystone Foods, a subsidiary of Marfrig into ChinaKeystone Foods, a subsidiary of Marfrig (Sao Paulo, Brazil) is investing in the city ofShenyang, China in the Food & Tobacco sector in a Logistics, Distribution & Transportationproject.Brazil-based Marfrig, through its subsidiary Keystone Foods will enter into a new jointventure called "Cofco Keystone Foods Supply Chain (China)" with China-based Cofco, anoils and food import/exporter. With operations projected to start in 2012, the new companywill open six distribution centres in Beijing, Shenzhen, Chengdu, Shanghai, Shenyang andWuhan. The new company will explore business opportunities in food logistics anddistribution services in China. The total investment in the JV is estimated at $252m over 10years.19 June 2012 Page: 15
  17. 17. Food Trend January 2003 to June 2012Jobs Created: 140 (est) Investment: USD 46.20 million (est)FDI project type: GreenfieldApril 2011 - Keystone Foods, a subsidiary of Marfrig into ChinaKeystone Foods, a subsidiary of Marfrig (Sao Paulo, Brazil) is investing in the city ofShanghai, China in the Food & Tobacco sector in a Logistics, Distribution & Transportationproject.Brazil-based Marfrig, through its subsidiary Keystone Foods will enter into a new jointventure called "Cofco Keystone Foods Supply Chain (China)" with China-based Cofco, anoils and food import/exporter. With operations projected to start in 2012, the new companywill open six distribution centres in Beijing, Shenzhen, Chengdu, Shanghai, Shenyang andWuhan. The new company will explore business opportunities in food logistics anddistribution services in China. The total investment in the JV is estimated at $252m over 10years.Jobs Created: 140 (est) Investment: USD 46.20 million (est)FDI project type: GreenfieldApril 2011 - Keystone Foods, a subsidiary of Marfrig into ChinaKeystone Foods, a subsidiary of Marfrig (Sao Paulo, Brazil) is investing in the city ofShenzhen, China in the Food & Tobacco sector in a Logistics, Distribution & Transportationproject.Brazil-based Marfrig, through its subsidiary Keystone Foods will enter into a new jointventure called "Cofco Keystone Foods Supply Chain (China)" with China-based Cofco, anoils and food import/exporter. With operations projected to start in 2012, the new companywill open six distribution centres in Beijing, Shenzhen, Chengdu, Shanghai, Shenyang andWuhan. The new company will explore business opportunities in food logistics anddistribution services in China. The total investment in the JV is estimated at $252m over 10years.Jobs Created: 140 (est) Investment: USD 46.20 million (est)FDI project type: GreenfieldApril 2011 - Keystone Foods, a subsidiary of Marfrig into ChinaKeystone Foods, a subsidiary of Marfrig (Sao Paulo, Brazil) is investing in the city ofChengdu, China in the Food & Tobacco sector in a Logistics, Distribution & Transportationproject.Brazil-based Marfrig, through its subsidiary Keystone Foods will enter into a new jointventure called "Cofco Keystone Foods Supply Chain (China)" with China-based Cofco, anoils and food import/exporter. With operations projected to start in 2012, the new companywill open six distribution centres in Beijing, Shenzhen, Chengdu, Shanghai, Shenyang andWuhan. The new company will explore business opportunities in food logistics anddistribution services in China. The total investment in the JV is estimated at $252m over 10years.Jobs Created: 140 (est) Investment: USD 46.20 million (est)FDI project type: Greenfield19 June 2012 Page: 16
  18. 18. Food Trend January 2003 to June 2012April 2011 - Keystone Foods, a subsidiary of Marfrig into ChinaKeystone Foods, a subsidiary of Marfrig (Sao Paulo, Brazil) is investing in China in the Food& Tobacco sector in a Manufacturing project.Brazil-based Marfrigs subsidiary Keystone Foods and China-based Chinwhiz, have enteredinto a joint venture called "Keystone-Chinwhiz Poultry Vertical Integration", with 60% of thenew company belonging to the Brazilian company and 40% belonging to the Chineseinvestor. The new company will establish vertical integration in poultry operations in Chinaand will initially have capacity to process 200,000 birds per day. The investment in the JV isestimated at $57m by the end of 2013.Jobs Created: 435 (est) Investment: USD 57.00 millionFDI project type: GreenfieldApril 2011 - Keystone Foods, a subsidiary of Marfrig into ChinaKeystone Foods, a subsidiary of Marfrig (Sao Paulo, Brazil) is investing in the city of Beijing,China in the Food & Tobacco sector in a Logistics, Distribution & Transportation project.Brazil-based Marfrig, through its subsidiary Keystone Foods will enter into a new jointventure called "Cofco Keystone Foods Supply Chain (China)" with China-based Cofco, anoils and food import/exporter. With operations projected to start in 2012, the new companywill open six distribution centres in Beijing, Shenzhen, Chengdu, Shanghai, Shenyang andWuhan. The new company will explore business opportunities in food logistics anddistribution services in China. The total investment in the JV is estimated at $252m over 10years.Jobs Created: 140 (est) Investment: USD 46.20 million (est)FDI project type: GreenfieldMarch 2011 - Alpina Productos Alimenticios into United StatesAlpina Productos Alimenticios (Bogota, Colombia) is investing in the city of Batavia (NY),United States in the Food & Tobacco sector in a Manufacturing project.Colombian dairy producer Alpina is to establish a $15m yoghurt manufacturing facility inBatavia, New York, US creating 50 jobs. The facility will make the entire portfolio of thecompanys products, with two specifically focussed on the Hispanic market and the other onthe Anglo market. The company plans to invest a total of $50m in 2011, part of which will beused to construct the manufacturing facility. "The United States is a big market. With regards to yoghurt it is an emerging market, where the per capita consumption of the product is less than in other countries, which gives great opportunities" said Julian Jaramillo, president.Company contact: Julian Jaramillo (President)Jobs Created: 50 Investment: USD 15.00 millionFDI project type: GreenfieldMarch 2011 - Jaguacy into NetherlandsJaguacy (Bauru, Brazil) is investing in Netherlands in the Food & Tobacco sector in a Sales,Marketing & Support project.19 June 2012 Page: 17
  19. 19. Food Trend January 2003 to June 2012Brazil-based fruit exporter has set up a new European sales office in the Netherlands. Thecompany, a producer of fuerte and hass avocado, has already begun selling in Europealthough its facility is still under construction.Company contact: Ron Jongejan (Director (Netherlands))Jobs Created: 27 (est) Investment: USD 3.50 million (est)FDI project type: GreenfieldFebruary 2011 - JBS USA Holdings, a subsidiary of JBS into United StatesJBS USA Holdings, a subsidiary of JBS (Sao Paulo, Brazil) is investing in the city of Hyrum(UT), United States in the Food & Tobacco sector in a Manufacturing project.JBS USA Holdings plans to invest over $30m into opening a new, more extensive meatpacking and processing plant in Hyrum, Utah. The Utah legislature has approved up to$1.8m in incentives to aid the company with the expansion. It will add 420 new full-timepositions over the next five years. JBS distributes various meats to over 60 countries acrossthe world.Company contact: Jerry Petersen (Director, Operations)Jobs Created: 420 Investment: USD 30.00 millionFDI project type: ExpansionMarch 2012 - Arcor Group into IndiaArcor Group (Buenos Aires, Argentina) is investing in the city of New Delhi, India in the Food& Tobacco sector in a Sales, Marketing & Support project.Argentina-based confectionary manufacturer Arcor has opened its first commercial office inNew Delhi, India. The company primarily manufactures confectionary, including candies,lollipops, chewing gum, nougat and marshmallows.Company contact: Luis Alejandro Pagani (Chairman)Jobs Created: 48 (est) Investment: USD 11.70 million (est)FDI project type: GreenfieldFebruary 2012 - Agrosuper, a subsidiary of Sopraval into ChinaAgrosuper, a subsidiary of Sopraval (Santiago, Chile) is investing in the city of Shanghai,China in the Food & Tobacco sector in a Sales, Marketing & Support project.Agrosuper, a fresh meat producer, has opened a representative office in Shanghai, China.Agrosuper specialises in the production of chicken, pork, turkey, salmon and processedfoods.Company contact: Gonzalo Vial (Founder, Agrosuper)Jobs Created: 48 (est) Investment: USD 11.70 million (est)FDI project type: GreenfieldFebruary 2012 - Agrosuper, a subsidiary of Sopraval into Hong Kong19 June 2012 Page: 18
  20. 20. Food Trend January 2003 to June 2012Agrosuper, a subsidiary of Sopraval (Santiago, Chile) is investing in the city of Hong Kong,Hong Kong in the Food & Tobacco sector in a Sales, Marketing & Support project.Agrosuper, a fresh meat producer, has opened a subsidiary in Hong Kong. The newcompany will seek to increase the companys presence in the Asian market. Agrosuperspecialises in the production of chicken, pork, turkey, salmon and processed foods.Company contact: Gonzalo Vial (Founder, Agrosuper)Jobs Created: 48 (est) Investment: USD 11.70 million (est)FDI project type: Greenfield19 June 2012 Page: 19
  21. 21. Food Trend January 2003 to June 2012About this ReportDisclaimer: This report was automatically created by fDi Markets using the criteria selectedby the user. Whilst care has been taken in programming the analysis and presentation ofdata, abnormalities may occur. The Financial Times Ltd accepts no responsibility for theaccuracy or otherwise of the content.All investment project data and information is based on public information on companyinvestment announcements. The Financial Times Ltd accepts no responsibility or otherwisefor the accuracy of the data and information, nor does The Financial Times Ltd claim to trackall investment projects.Jobs data and capital investment data, if included, are not recorded for all projects and mayinclude estimates. The Financial Times Ltd takes no responsibility for the accuracy orotherwise of the jobs and investment data.The default currency used to record capital investment amounts is millions of US Dollars(USD). If the user has selected an alternative currency, the amounts stated are convertedfrom US Dollars to the chosen currency using a conversion reference table. This table isperiodically updated from published exchange rates. The Financial Times Ltd does notaccept responsibility or otherwise for variances that occur between published exchangerates and the currency reference table used.If you have any queries on the content of this report, please contact your designated accountmanager using the facility provided within the fDi Markets system.19 June 2012 Page: 20

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