June 14, 2024

 

Financing announced for new pork processing plant in Paraguay

 
 

 

Sudameris Bank and Incka SA, a subsidiary of Frigorífico Concepcion SS (FriCon), have announced US$25 million in financing for equipment and machinery for a new pork processing plant in Katueté, department of Canindeyú, Paraguay, National Hog Farmer reported.

 

Frigorífico Concepción SS is leading this project, which is expected to have a significant impact on both the local and national economy. The new plant will employ 2,000 people when fully operational and is projected to create approximately 4,000 indirect jobs, transforming the rural area.

 

The completion of the project will double Paraguay's national pork production. Currently, the country's slaughtering capacity is 680,000 heads per year, and it is projected that this could increase to 1,420,000 heads once the plant is fully operational.

 

The total estimated investment for the industrial plant is US$40 million, which includes US$15 million in infrastructure that is two-thirds complete, and the US$25 million in equipment to be delivered in a few months.

 

The expected mix of exports and domestic market is 50/50, positioning Paraguay as a key player in the international pork trade. Frigorífico Incka aims to obtain certification for Taiwan, Korea, and Chile next year.

 

The plant's strategic location will facilitate the export of products through various routes, including land transport to the port of Paranagua in Brazil, the port of Antofagasta in Chile, or Buenos Aires, using both land and river routes through the Paraguay waterway.

 

-      National Hog Farmer

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