2. Food Trend January 2003 to June 2012
Contents
Introduction 1
Executive Summary 2
Key Trends 3
Companies 5
Industry Analysis: Business Activity 7
Source Countries 8
Source Cities 9
Destination Countries 10
Destination Cities 11
Project Profiles 12
Introduction
The report examines foreign direct Headline figures
investment (FDI) trends by all companies
No of FDI projects 103
from Latin America & Caribbean investing
in the food & tobacco sector between Total jobs created 18,688
January 2003 and June 2012. Average project size (jobs) 181
Total capital investment USD 3,981.21 m
The report includes estimated values on
capital investment and the number of jobs Average project size USD 38.70 m
created in cases where information was not
available at project announcement.
Retail and inter-state projects are excluded
from this report.
19 June 2012 Page: 1
3. Food Trend January 2003 to June 2012
Executive Summary
FDI projects peaked in 2011
Some 18 projects, or 17.5% of projects, were recorded in 2011. This was the year in which
the highest numbers of projects were recorded. During this period a total of 3,936 jobs were
created 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. These
investors have created a combined total of 8,774 jobs, which equates to almost half of the
overall total. The combined capital investment from these companies reached USD 1.87
billion, 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. Project
volume in this business activity peaked during 2010, with 11 projects tracked. Total jobs
creation and capital investment in this business activity was 16,028 jobs and USD 3.36
billionrespectively.
Largest projects originate in Mexico
With an average project size of USD 46.70 million, projects originating in Mexico are
approximately 1.2 times larger than the average across all source countries. Ranked second
in overall projects recorded with 29 in total, Mexico created a total of 6,648 jobs and USD
1.35 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. Total
investment into United States resulted in the creation of 2,842 jobs and USD 562.20 million
capital investment, equating to an average of 135 jobs and USD 26.80 million investment per
project.
19 June 2012 Page: 2
4. Food Trend January 2003 to June 2012
Key FDI Trends
Between January 2003 and June 2012 a total of 103 FDI projects were recorded. These
projects represent a total capital investment of USD 3.98 billion, which is an average
investment of USD 38.70 million per project. During the period, a total of 18,688 jobs were
created.
The largest number of projects was announced in 2011, with 18 projects that year. Average
capital investment peaked in 2008, while average job creation peaked in 2006.
Headline FDI trends by year
Jobs created Capital investment
Number of % growth
Year
projects per annum Total (USD Average
Total Average
m) (USD m)
2012 6 n/a 442 73 111.70 18.60
2011 18 5.9 3,936 218 791.30 44.00
2010 17 54.5 2,259 132 431.40 25.40
2009 11 37.5 1,608 146 517.70 47.10
2008 8 n/a 1,880 235 641.80 80.20
2007 14 133.3 2,400 171 386.40 27.60
2006 6 n/a 2,153 358 338.40 56.40
2005 6 n/a 1,015 169 200.00 33.30
2004 10 42.9 2,328 232 420.10 42.00
2003 7 n/a 667 95 142.40 20.30
Total 103 n/a 18,688 181 3,981.20 38.70
Source: fDi Intelligence from The Financial Times Ltd
When allocated into bands, projects creating 100 jobs or more represent the majority of
projects, while projects creating between 25 and 49 jobs represent more than one-fifth of
projects.
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 Ltd
19 June 2012 Page: 3
5. Food Trend January 2003 to June 2012
In terms of project type, 86.4% of Number of projects by type
projects are greenfield investments.
Greenfield projects have an average
capital investment of USD 40.70 million
and job creation of 184 per project. Greenfield
12
2 Expansion
The average capital investment for
expansion and co-location is USD 24.60 89 Co-location
million and USD 31.00 million
respectively. The average number of
jobs created in these project types is
Source: fDi Intelligence from The Financial Times Ltd
179 and 40 respectively.
19 June 2012 Page: 4
6. Food Trend January 2003 to June 2012
Companies
A total of 51 companies from Latin America & Caribbean invested in food & tobacco sectors
between January 2003 and June 2012, out of a total 38,879 companies investing in FDI
globally.
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 Ltd
The 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, with
Marfrig being the top investor for this period with seven projects.
Top 10 companies: number of projects
% of Projects
No of Global
Company name Source country global in last 12
projects projects*
projects** mths
Marfrig Brazil 11 11 100 7
Gruma Mexico 10 10 100 1
Arcor Group Argentina 7 7 100 2
Grupo Bimbo Mexico 7 7 100 1
JBS Brazil 6 8 75 0
Gloria Peru 3 3 100 0
Sadia Brazil 3 3 100 0
Alpina Productos Alimenticios Colombia 3 3 100 0
Sopraval Chile 3 3 100 3
BRF 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 Ltd
19 June 2012 Page: 5
7. Food Trend January 2003 to June 2012
The 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 investment
Company Name Average
Total Average
Total per
(USD m) (USD m)
project
Marfrig 1,513 137 400.10 36.40
Gruma 3,686 368 757.80 75.80
Arcor Group 1,370 195 275.30 39.30
Grupo Bimbo 785 112 163.30 23.30
JBS 1,420 236 275.50 45.90
Gloria 993 331 151.80 50.60
Sadia 562 187 166.30 55.40
Alpina Productos Alimenticios 362 120 61.90 20.60
Sopraval 123 41 31.40 10.50
BRF Brasil Foods 386 193 158.60 79.30
Source: fDi Intelligence from The Financial Times Ltd
In terms of company size, almost half of companies have an annual turnover of USD 5.00
billion 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 Ltd
During the period July 2011 to June 2012, 7 projects (58.3%) were announced by 4
companies (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 capital
investment.
19 June 2012 Page: 6
8. Food Trend January 2003 to June 2012
Industry Analysis: Business Activity
Out of a total of six business activities, Manufacturing accounts for almost two-thirds of
projects. Project volume in this business activity peaked during 2010, with 11 projects
tracked.
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 Ltd
Manufacturing has generated the highest number of total jobs and greatest investment with
a total of 16,028 jobs and USD 3.36 billion investment. This business activity also has the
largest project size on average in terms of both investment and jobs creation.
FDI trends by business activity
No of Jobs Created Capital investment
Business activity
projects
Total Average Total Average
(USD m) (USD m)
Manufacturing 67 16,028 239 3,360.80 50.20
Sales, Marketing & Support 16 919 57 153.40 9.60
Logistics, Distribution & Transportation 14 1,249 89 397.90 28.40
Headquarters 4 288 72 59.00 14.80
Research & Development 1 3 3 0.10 0.10
Construction 1 201 201 10.00 10.00
Total 103 18,688 181 3,981.20 38.70
Source: fDi Intelligence from The Financial Times Ltd
19 June 2012 Page: 7
9. Food Trend January 2003 to June 2012
Source Countries
Out of a total of 17 source countries, the top five account for the majority of projects. Brazil is
the top source country accounting for almost one-third of projects tracked. Project volume in
this 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 Ltd
Mexico has generated the highest number of total jobs and greatest investment with a total
of 6,648 jobs and USD 1.35 billion investment. This source country also has the largest
project size on average in terms of both investment and jobs creation.
FDI trends by source country
No of No of Jobs Created Capital investment
Source country
projects companies
Total Average Total Average
(USD m) (USD m)
Brazil 32 17 5,070 158 1,185.60 37.00
Mexico 29 16 6,648 229 1,354.50 46.70
Argentina 9 4 1,446 160 285.40 31.70
Costa Rica 7 5 931 133 137.60 19.70
Peru 6 4 1,074 179 172.20 28.70
Chile 5 3 372 74 53.10 10.60
Colombia 4 2 365 91 62.00 15.50
El Salvador 2 1 409 204 60.90 30.40
Dominican Republic 1 1 121 121 24.60 24.60
Ecuador 1 1 110 110 10.00 10.00
Other source countries 7 7 2,086 298 626.60 89.50
Total 103 61 18,688 181 3,981.20 38.70
Source: fDi Intelligence from The Financial Times Ltd
19 June 2012 Page: 8
10. Food Trend January 2003 to June 2012
Source Cities
Out of a total of 29 source cities, the top five account for the majority of projects. Sao Paulo
is the top source city accounting for one-fifth of projects tracked. Project volume in this
source city peaked during 2011, with nine projects tracked.
San Pedro Garza García has generated the highest number of total jobs, while Sao Paulo
has the highest total investment. Hamilton has the largest project size on average in terms
of both investment and jobs creation.
FDI trends by source city
Capital
Projects Companies Jobs
Source city Investment
Created
No % No % (USD m)
Sao Paulo 21 20.39 9 14.75 3,394 849.30
San Pedro Garza García 10 9.71 2 3.28 3,686 757.80
Mexico City 9 8.74 6 9.84 950 241.30
Buenos Aires 7 6.80 2 3.28 1,370 275.30
Santiago 5 4.85 3 4.92 372 53.10
Bogotá 4 3.88 2 3.28 365 62.00
Concórdia 3 2.91 1 1.64 562 166.30
Cartago 2 1.94 1 1.64 540 81.80
Heredia 2 1.94 2 3.28 339 46.80
Alajuela 2 1.94 1 1.64 48 8.60
Quatá 2 1.94 1 1.64 30 3.60
Garza Garcia 2 1.94 1 1.64 403 60.50
San Salvador 2 1.94 1 1.64 409 60.90
Lima 2 1.94 2 3.28 75 19.70
Bauru 1 0.97 1 1.64 27 3.50
Cambe 1 0.97 1 1.64 488 70.00
Hamilton 1 0.97 1 1.64 1,367 533.30
Torreón 1 0.97 1 1.64 75 38.10
Culiacan 1 0.97 1 1.64 697 100.00
Guatemala City 1 0.97 1 1.64 270 40.90
Other source cities 9 8.74 9 14.75 1,125 163.50
Not Specified 15 14.56 12 19.67 2,096 344.90
Total 103 100.00 61 100.00 18,688 3,981.20
Source: fDi Intelligence from The Financial Times Ltd
19 June 2012 Page: 9
11. Food Trend January 2003 to June 2012
Destination Countries
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.
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 Ltd
Brazil has both the highest total and highest average investment at USD 750.50 million
overall and USD 107.20 million per project. China has received the highest number of total
jobs, 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 investment
Destination country
projects companies
Total Average Total Average
(USD m) (USD m)
United States 21 16 2,842 135 562.20 26.80
China 14 7 3,236 231 617.10 44.10
Brazil 7 5 2,221 317 750.50 107.20
UK 4 3 277 69 70.10 17.50
Argentina 3 3 680 226 85.20 28.40
France 3 2 107 35 32.50 10.80
Honduras 3 2 679 226 101.80 33.90
Nicaragua 3 3 975 325 142.00 47.30
Bolivia 3 1 993 331 151.80 50.60
Russia 3 3 943 314 267.20 89.10
Other destination countries 39 38 5,920 151 1,251.70 32.10
Total 103 61 18,688 181 3,981.20 38.70
Source: fDi Intelligence from The Financial Times Ltd
19 June 2012 Page: 10
12. Food Trend January 2003 to June 2012
Destination Cities
Out of a total of 60 destination cities, the top five account for more than one-eighth of
projects. Shanghai is the top destination city accounting for 3.9% of projects tracked
Shanghai has received the highest number of total jobs and greatest investment with a total
of 999 jobs and USD 169.60 million investment. Seminole (OK) and Hyrum (UT) have the
largest project size on average in terms of investment and jobs creation, respectively.
FDI trends by destination city
Projects Companies Capital
Jobs
Destination city Investment
Created
No % No % (USD m)
Shanghai 4 3.88 4 6.56 999 169.60
Hong Kong 3 2.91 3 4.92 463 48.60
Beijing 3 2.91 3 4.92 431 94.00
Los Angeles (CA) 2 1.94 2 3.28 450 102.30
Managua 2 1.94 2 3.28 705 101.10
Ipswich 1 0.97 1 1.64 50 22.00
Seminole (OK) 1 0.97 1 1.64 400 60.00
Lakeland (FL) 1 0.97 1 1.64 133 23.00
Arcadia (CA) 1 0.97 1 1.64 121 24.60
Medley (FL) 1 0.97 1 1.64 3 0.50
Lovington (NM) 1 0.97 1 1.64 75 38.10
Not Specifed 1 0.97 1 1.64 17 2.50
Topeka (KS) 1 0.97 1 1.64 50 30.00
Batavia (NY) 1 0.97 1 1.64 50 15.00
Marquise 1 0.97 1 1.64 40 14.50
Marshalltown (IA) 1 0.97 1 1.64 30 40.00
Chimaltenango 1 0.97 1 1.64 54 3.00
Live Oak (FL) 1 0.97 1 1.64 250 1.50
Tegucigalpa 1 0.97 1 1.64 270 40.90
Hyrum (UT) 1 0.97 1 1.64 420 30.00
Other destination cities 40 38.83 40 65.57 5,976 1,419.50
Not Specified 34 33.01 27 44.26 7,701 1,700.50
Total 103 100.00 61 100.00 18,688 3,981.20
Source: fDi Intelligence from The Financial Times Ltd
19 June 2012 Page: 11
13. Food Trend January 2003 to June 2012
Project Profiles
March 2012 - Arcor Group into India
Arcor 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 in
New 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: Greenfield
February 2012 - Agrosuper, a subsidiary of Sopraval into China
Agrosuper, 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 processed
foods.
Company contact: Gonzalo Vial (Founder, Agrosuper)
Jobs Created: 48 (est) Investment: USD 11.70 million (est)
FDI project type: Greenfield
February 2012 - Agrosuper, a subsidiary of Sopraval into Hong Kong
Agrosuper, 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 new
company will seek to increase the company's presence in the Asian market. Agrosuper
specialises 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: Greenfield
February 2012 - Agrosuper, a subsidiary of Sopraval into Brazil
Agrosuper, 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 will
focus on the marketing the company's meat products for the domestic market. Agrosuper
specialises in the production of chicken, pork, turkey, salmon and processed foods.
Company contact: Gonzalo Vial (Founder, Agrosuper)
19 June 2012 Page: 12
14. Food Trend January 2003 to June 2012
Jobs Created: 27 (est) Investment: USD 8.00 million (est)
FDI project type: Greenfield
January 2012 - Plusfood, a subsidiary of BRF Brasil Foods into Netherlands
Plusfood, a subsidiary of BRF Brasil Foods (Sao Paulo, Brazil) is investing in Netherlands in
the Food & Tobacco sector in a Manufacturing project.
Processed food and food product manufacturing company Plusfood, a subsidiary of BRF
Brasil Foods, has opened a new production facility in Oosterwolde, Netherlands to supply
products 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: Greenfield
January 2012 - Grupo Bimbo into Argentina
Grupo 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 will
begin operations in January 2013. The plant will produce the traditional Bimbo, Fargo y
Lactal bread brands.
Company contact: Sebastian Reynoso (Chief Executive Officer (Argentina))
Jobs Created: 209 (est) Investment: USD 30.00 million
FDI project type: Greenfield
December 2011 - Central American Bottling Corporation into Trinidad & Tobago
Central 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 to
establish 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: Greenfield
November 2011 - Mission Foods, a subsidiary of Gruma into United States
Mission Foods, a subsidiary of Gruma (San Pedro Garza Garcia, Mexico) is investing in the
city 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 in
Lakeland, Florida. The tortilla manufacturing facility will create 133 jobs and will see a capital
investment of $23m. Mission Foods has 15 plants throughout the US.
Jobs Created: 133 Investment: USD 23.00 million
19 June 2012 Page: 13
15. Food Trend January 2003 to June 2012
FDI project type: Greenfield
October 2011 - Dos en Uno, a subsidiary of Arcor Group into Chile
Dos en Uno, a subsidiary of Arcor Group (Buenos Aires, Argentina) is investing in the city of
Santiago, 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 construction
will be completed in December 2014. Dos en Uno primarily manufactures candy products.
Jobs Created: 279 (est) Investment: USD 40.00 million
FDI project type: Greenfield
August 2011 - BRF Brasil Foods into UAE
BRF Brasil Foods (Sao Paulo, Brazil) is investing in UAE in the Food & Tobacco sector in a
Manufacturing project.
Food processing company Brasil Foods is to invest $120m to set up a plant in the United
Arab 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 of
2012.
Jobs Created: 324 (est) Investment: USD 120.00 million
FDI project type: Greenfield
August 2011 - Union De Initiative into Nigeria
Union De Initiative (Mexico) is investing in Nigeria in the Food & Tobacco sector in a
Manufacturing 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 the
project, with Union De Initiative contributing 60% and the state contributing 40%.
Company contact: Gabriel Airedondo (Representative)
Jobs Created: 318 (est) Investment: USD 64.33 million
FDI project type: Greenfield
July 2011 - Molinos de El Salvador (Molsa) into Honduras
Molinos de El Salvador (Molsa) (San Salvador, El Salvador) is investing in the city of San
Pedro 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 baking
industry, has announced a $20m investment in San Pedro Sula, Honduras for the
construction of a flour mill.
Jobs Created: 139 (est) Investment: USD 20.00 million
FDI project type: Greenfield
19 June 2012 Page: 14
16. Food Trend January 2003 to June 2012
May 2011 - Sukarne, a subsidiary of Grupo Viz into Nicaragua
Sukarne, 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 in
Managua, 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 project
was financed by the world's largest livestock bank, Rabobank of Holland.
Company contact: Jesus Vizcarra Calderon (Chairman, Board of Directors)
Jobs Created: 697 (est) Investment: USD 100.00 million
FDI project type: Greenfield
April 2011 - Florexpo into Spain
Florexpo (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 and
created four new jobs with the opening of European headquarters in Madrid, Spain.
Jobs Created: 4 Investment: USD 0.40 million
FDI project type: Greenfield
April 2011 - Keystone Foods, a subsidiary of Marfrig into China
Keystone 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 joint
venture called "Cofco Keystone Foods Supply Chain (China)" with China-based Cofco, an
oils and food import/exporter. With operations projected to start in 2012, the new company
will open six distribution centres in Beijing, Shenzhen, Chengdu, Shanghai, Shenyang and
Wuhan. The new company will explore business opportunities in food logistics and
distribution services in China. The total investment in the JV is estimated at $252m over 10
years.
Jobs Created: 140 (est) Investment: USD 46.20 million (est)
FDI project type: Greenfield
April 2011 - Keystone Foods, a subsidiary of Marfrig into China
Keystone Foods, a subsidiary of Marfrig (Sao Paulo, Brazil) is investing in the city of
Shenyang, 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 joint
venture called "Cofco Keystone Foods Supply Chain (China)" with China-based Cofco, an
oils and food import/exporter. With operations projected to start in 2012, the new company
will open six distribution centres in Beijing, Shenzhen, Chengdu, Shanghai, Shenyang and
Wuhan. The new company will explore business opportunities in food logistics and
distribution services in China. The total investment in the JV is estimated at $252m over 10
years.
19 June 2012 Page: 15
17. Food Trend January 2003 to June 2012
Jobs Created: 140 (est) Investment: USD 46.20 million (est)
FDI project type: Greenfield
April 2011 - Keystone Foods, a subsidiary of Marfrig into China
Keystone Foods, a subsidiary of Marfrig (Sao Paulo, Brazil) is investing in the city of
Shanghai, 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 joint
venture called "Cofco Keystone Foods Supply Chain (China)" with China-based Cofco, an
oils and food import/exporter. With operations projected to start in 2012, the new company
will open six distribution centres in Beijing, Shenzhen, Chengdu, Shanghai, Shenyang and
Wuhan. The new company will explore business opportunities in food logistics and
distribution services in China. The total investment in the JV is estimated at $252m over 10
years.
Jobs Created: 140 (est) Investment: USD 46.20 million (est)
FDI project type: Greenfield
April 2011 - Keystone Foods, a subsidiary of Marfrig into China
Keystone Foods, a subsidiary of Marfrig (Sao Paulo, Brazil) is investing in the city of
Shenzhen, 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 joint
venture called "Cofco Keystone Foods Supply Chain (China)" with China-based Cofco, an
oils and food import/exporter. With operations projected to start in 2012, the new company
will open six distribution centres in Beijing, Shenzhen, Chengdu, Shanghai, Shenyang and
Wuhan. The new company will explore business opportunities in food logistics and
distribution services in China. The total investment in the JV is estimated at $252m over 10
years.
Jobs Created: 140 (est) Investment: USD 46.20 million (est)
FDI project type: Greenfield
April 2011 - Keystone Foods, a subsidiary of Marfrig into China
Keystone Foods, a subsidiary of Marfrig (Sao Paulo, Brazil) is investing in the city of
Chengdu, 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 joint
venture called "Cofco Keystone Foods Supply Chain (China)" with China-based Cofco, an
oils and food import/exporter. With operations projected to start in 2012, the new company
will open six distribution centres in Beijing, Shenzhen, Chengdu, Shanghai, Shenyang and
Wuhan. The new company will explore business opportunities in food logistics and
distribution services in China. The total investment in the JV is estimated at $252m over 10
years.
Jobs Created: 140 (est) Investment: USD 46.20 million (est)
FDI project type: Greenfield
19 June 2012 Page: 16
18. Food Trend January 2003 to June 2012
April 2011 - Keystone Foods, a subsidiary of Marfrig into China
Keystone Foods, a subsidiary of Marfrig (Sao Paulo, Brazil) is investing in China in the Food
& Tobacco sector in a Manufacturing project.
Brazil-based Marfrig's subsidiary Keystone Foods and China-based Chinwhiz, have entered
into a joint venture called "Keystone-Chinwhiz Poultry Vertical Integration", with 60% of the
new company belonging to the Brazilian company and 40% belonging to the Chinese
investor. The new company will establish vertical integration in poultry operations in China
and will initially have capacity to process 200,000 birds per day. The investment in the JV is
estimated at $57m by the end of 2013.
Jobs Created: 435 (est) Investment: USD 57.00 million
FDI project type: Greenfield
April 2011 - Keystone Foods, a subsidiary of Marfrig into China
Keystone 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 joint
venture called "Cofco Keystone Foods Supply Chain (China)" with China-based Cofco, an
oils and food import/exporter. With operations projected to start in 2012, the new company
will open six distribution centres in Beijing, Shenzhen, Chengdu, Shanghai, Shenyang and
Wuhan. The new company will explore business opportunities in food logistics and
distribution services in China. The total investment in the JV is estimated at $252m over 10
years.
Jobs Created: 140 (est) Investment: USD 46.20 million (est)
FDI project type: Greenfield
March 2011 - Alpina Productos Alimenticios into United States
Alpina 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 in
Batavia, New York, US creating 50 jobs. The facility will make the entire portfolio of the
company's products, with two specifically focussed on the Hispanic market and the other on
the Anglo market. The company plans to invest a total of $50m in 2011, part of which will be
used 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 million
FDI project type: Greenfield
March 2011 - Jaguacy into Netherlands
Jaguacy (Bauru, Brazil) is investing in Netherlands in the Food & Tobacco sector in a Sales,
Marketing & Support project.
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19. Food Trend January 2003 to June 2012
Brazil-based fruit exporter has set up a new European sales office in the Netherlands. The
company, a producer of fuerte and hass avocado, has already begun selling in Europe
although 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: Greenfield
February 2011 - JBS USA Holdings, a subsidiary of JBS into United States
JBS 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 meat
packing 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-time
positions over the next five years. JBS distributes various meats to over 60 countries across
the world.
Company contact: Jerry Petersen (Director, Operations)
Jobs Created: 420 Investment: USD 30.00 million
FDI project type: Expansion
March 2012 - Arcor Group into India
Arcor 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 in
New 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: Greenfield
February 2012 - Agrosuper, a subsidiary of Sopraval into China
Agrosuper, 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 processed
foods.
Company contact: Gonzalo Vial (Founder, Agrosuper)
Jobs Created: 48 (est) Investment: USD 11.70 million (est)
FDI project type: Greenfield
February 2012 - Agrosuper, a subsidiary of Sopraval into Hong Kong
19 June 2012 Page: 18
20. Food Trend January 2003 to June 2012
Agrosuper, 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 new
company will seek to increase the company's presence in the Asian market. Agrosuper
specialises 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: Greenfield
19 June 2012 Page: 19
21. Food Trend January 2003 to June 2012
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