Coazucar, the sugar production holding of Peru's Grupo Gloria conglomerate, has begun a Public Offer of Acquisition (POA) for sugar mill Agroindustrias San Jacinto. The process will be concluded on 22 March 2010. Coazucar has agreed to pay PEN 4.94 (EUR 1.28 USD 1.73) for each of the shares it will acquire in San Jacinto, which will be up to 5.66mn. This will equate to a maximum value of PEN 28mn, which has been guaranteed by BBVA Banco Continental. Coazucar already has a 73.57% stake in San Jacinto.
Publication: Esmerk - News monitoring
Provider: Esmerk
February 25, 2010
Showing posts with label Agriculture. Show all posts
Showing posts with label Agriculture. Show all posts
2/25/10
1/28/10
Cecovasa Coffee growers open new processing plant in Juliaca, Puno
Peruvian coffee farmers association Cecovasa has opened a new coffee processing plant in Juliaca, in the Peruvian region of Puno. The plant required an investment of PEN 3.50mn (EUR 864,692.34 USD 1.22mn) and has a production capacity of 200,000 quintals of coffee. It is designed to help coffee growers in the area improve their exportation capacity, reduce their costs and become more efficient and competitive.
Publication: Esmerk - News monitoring
Provider: Esmerk
January 28, 2010
Publication: Esmerk - News monitoring
Provider: Esmerk
January 28, 2010
12/8/09
Peruvian sugar cane production likely to post 10% growth next year
Peruvian sugar cane production would post a ten percent growth next year as a result of the start of the harvest season of almost 17,000 hectares planted in Piura addressed to the ethanol production, estimated Tuesday the bank Scotiabank.
However, a moderate or strong Niño phenomenon, is likely to affect production, so the increase would be less.
In regard to sugar production, the senior analyst of the Scotiabank Economic Studies Department, Pablo Nano, said that the bank estiamtes an increase of six percent according to the expansion of the areas of sugar cane planted in Lambayeque and La Libertad.
Most local sugar production is causing not only a drop of imports but also discovering new export markets, according to the rising price of sugar in the world market.
Meanwhile, the refined sugar production would reach 1.08 million metric tons (MT) in 2009, eight percent higher than the number registered in 2008.
Publication: Andina - English Newswire
Provider: Andina
December 8, 2009
In regard to sugar production, the senior analyst of the Scotiabank Economic Studies Department, Pablo Nano, said that the bank estiamtes an increase of six percent according to the expansion of the areas of sugar cane planted in Lambayeque and La Libertad.
Most local sugar production is causing not only a drop of imports but also discovering new export markets, according to the rising price of sugar in the world market.
Meanwhile, the refined sugar production would reach 1.08 million metric tons (MT) in 2009, eight percent higher than the number registered in 2008.
Publication: Andina - English Newswire
Provider: Andina
December 8, 2009
10/5/09
Camposol promotes red globe grapes in Asian market
Camposol, a leading agroindustrial company in Peru, has participated in the Asia Fruit Logistica to promote their new product: the table grape variety Red Globe.
The Red Globe grapes they are currently promoting, are cultivated in the region of Piura (Peru) and the production window fits perfectly with the needs of Asian demand.
However, they have already had good experiences with the promotion of green and white asparagus, which is their main product and has been directed mainly to Japan, with annual and seasonal sales. They also have experience exporting with mango to New Zealand.
The company has as its main markets in Europe (Spain, France and the UK) and the USA.
While the financial crisis has been a recurring concern of the economic operators, Camposol has been able to consolidate by opening some offices closer to the buyers.
Publication: Andina - English Newswire
Provider: Andina
October 5, 2009
The Red Globe grapes they are currently promoting, are cultivated in the region of Piura (Peru) and the production window fits perfectly with the needs of Asian demand.
However, they have already had good experiences with the promotion of green and white asparagus, which is their main product and has been directed mainly to Japan, with annual and seasonal sales. They also have experience exporting with mango to New Zealand.
The company has as its main markets in Europe (Spain, France and the UK) and the USA.
While the financial crisis has been a recurring concern of the economic operators, Camposol has been able to consolidate by opening some offices closer to the buyers.
Publication: Andina - English Newswire
Provider: Andina
October 5, 2009
9/12/09
Camposol: Asparagus demand drop opens door for avocados
As demand for Peruvian asparagus faltered in the first half of 2009, the country's leading agriculture industry group, Camposol, has been investing in avocado plantations. "The drop in requests for asparagus, particularly from America, has been an opportunity to take a bet on avocados," said Camposol chief executive officer Juan José Gal'Lino.
He said the company is investing US$13.2 million to irrigate a further 1,853 acres for avocado production this year.
Camposol, which has been growing avocados for the past 10 years, currently has 3,545 acres under production.
The company's most valuable crop, however, is asparagus, and, despite a slide in national exports earlier this year, Camposol hopes to increase export values by 9% in 2009.
Nationwide, the picture is not so bright. Peru's asparagus exports for the first seven months of this year were US$81 million, said PromPeru, the country's export commission. Peru's year-round asparagus exports totaled US$450 million in 2008.
Peruvian avocado exports for the first seven months of the year were US$48 million, halfway to last year's total of US$70.2 million, although the season will end in October.
Camposol exports avocados to France, Germany, England, Holland, Canada and Chile, for a total of US$140 million. The company may also consider exporting to the U.S.
Publication: Andina - English Newswire
Provider: Andina
September 12, 2009
10/9/08
Copeinca close to choosing strategic partner
Before the year is out, Pesquera Copeinca of Peru should have decided on the incorporation of a strategic partner with whom to expand its role in the direct human consumption segment of the fishing sector. At present, it participates in this area via the subsidiary Marinasol. Samuel Dyer, general director at Copeinca, states that the partner should bring both capital and (processing) know-how to the table since his firm will stick to mackerel fishing by and large.
Marinasol plans to build a canned- and frozen-fish plant in Paita for US$10mil soon. Dyer already has a partner in mind, a big international operation allegedly. Copeinca is currently merging with Pesquera San Fermin and Piangesa, two firms bought last year.
Publication: SABI - Business News
Provider: South American Business Information
Date: October 9, 2008
Marinasol plans to build a canned- and frozen-fish plant in Paita for US$10mil soon. Dyer already has a partner in mind, a big international operation allegedly. Copeinca is currently merging with Pesquera San Fermin and Piangesa, two firms bought last year.
Publication: SABI - Business News
Provider: South American Business Information
Date: October 9, 2008
3/15/08
Artemis extends excipient-free purple corn line
Artemis is launching a new excipient-free purple corn ingredient standardised to 12 percent anthocyanins, extending the options for companies developing antioxidant-based products.
Purple corn is a crop native to Peru, where it has been used since before the time of the Incas. It is usually cultivated at 10,000 feet and although it can also be grown in the valleys it is thought that the higher altitudes play a part in its vivid purple color.
Artemis already has two other purple corn products in its portfolio, standardised to 7.5 percent and 11 percent anthocyanins. It says these are "obtained by aqueous extraction followed by a process of concentration, and spray dried".
Marketing manager Leslie Gallo said that this adds to the options for customers who choose to formulate without maltodextrin or other carrier ingredient.
Gallo added that the company is seeing "increased interest" in purple corn products. Not only can they be used in products marketed on a healthy platform, but they can also provide a break from run-of-the-mill flavours for shakes and similar products.
In addition, Artemis says purple corn can also be a "great natural colorant".
Artemis says that the most abundant of the anthocyanins found in purple corn is cyanidin-3-glucoside.
The company cited several pieces of research that suggest beneficial health benefits provided by purple corn and cyanidin-3-glucoside.
For instance, it says research into the efficacy of purple corn to help combat colorectal cancer is "promising", since in a study using mice with colorectal carcinomas, lesions were seen to significantly decrease (Hagiwara et al, 2001).
The anthocyanin was seen to increase endothelial nitric oxide synthase production, which in turn relax vascular endothelial cells and, indirectly, affect blood pressure (Xu et al, 2004).
Cyanidin-3-glucoside from purple corn was also investigated as part of an obesity study using mice, to determine its potential as an anti-obesity and anti-diabetic agent. In animals given the anthocyanin, levels of adipocytokines like adiponectin and leptin - proteins that are markets of glucose homeostasis in the blood - were seen to increase. (Tsuda et al 2004).
The new ingredient - as with the rest of Artemis' berry extracts and PhytoSolutions formulations - will be co-marketed in the United States through its partnership with Linnea.
The two companies, both of which have a base in berry ingredients, signed their partnership agreement one year ago, with a view to extending distribution of their products in North America and the rest of the world.
Publication: NOVIS Food&Beverage News
Provider: Novis
Date: March 14, 2008
Purple corn is a crop native to Peru, where it has been used since before the time of the Incas. It is usually cultivated at 10,000 feet and although it can also be grown in the valleys it is thought that the higher altitudes play a part in its vivid purple color.
Artemis already has two other purple corn products in its portfolio, standardised to 7.5 percent and 11 percent anthocyanins. It says these are "obtained by aqueous extraction followed by a process of concentration, and spray dried".
Marketing manager Leslie Gallo said that this adds to the options for customers who choose to formulate without maltodextrin or other carrier ingredient.
Gallo added that the company is seeing "increased interest" in purple corn products. Not only can they be used in products marketed on a healthy platform, but they can also provide a break from run-of-the-mill flavours for shakes and similar products.
In addition, Artemis says purple corn can also be a "great natural colorant".
Artemis says that the most abundant of the anthocyanins found in purple corn is cyanidin-3-glucoside.
The company cited several pieces of research that suggest beneficial health benefits provided by purple corn and cyanidin-3-glucoside.
For instance, it says research into the efficacy of purple corn to help combat colorectal cancer is "promising", since in a study using mice with colorectal carcinomas, lesions were seen to significantly decrease (Hagiwara et al, 2001).
The anthocyanin was seen to increase endothelial nitric oxide synthase production, which in turn relax vascular endothelial cells and, indirectly, affect blood pressure (Xu et al, 2004).
Cyanidin-3-glucoside from purple corn was also investigated as part of an obesity study using mice, to determine its potential as an anti-obesity and anti-diabetic agent. In animals given the anthocyanin, levels of adipocytokines like adiponectin and leptin - proteins that are markets of glucose homeostasis in the blood - were seen to increase. (Tsuda et al 2004).
The new ingredient - as with the rest of Artemis' berry extracts and PhytoSolutions formulations - will be co-marketed in the United States through its partnership with Linnea.
The two companies, both of which have a base in berry ingredients, signed their partnership agreement one year ago, with a view to extending distribution of their products in North America and the rest of the world.
Publication: NOVIS Food&Beverage News
Provider: Novis
Date: March 14, 2008
8/6/07
Grupo Gloria invests USD 60 mln
Grupo Gloria announced that it will invest USD 60 million during the 2007 - 2009 period. Resources will be invested in the expansion of its sugarcane production and in its subsidiary Agroindustrial Casa Grande. Only in 2007, Gloria will invest USD 33.7 million in Casa Grande. BIS - Business Information Systems
Publication: BIS - Business Information Systems
Provider: Business Information Systems
Date: August 6, 2007
Publication: BIS - Business Information Systems
Provider: Business Information Systems
Date: August 6, 2007
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