Cargill, the chicken giant, has laid the foundation stone for the new Maderas poultry plant, located in the town of the same name 45 kilometers east of Managua, the initial step in a $30 million project for the period 2012-2014.
The newspaper La Prensa reported on its website that the new plant will cost 3.5 million dollars and will produce, starting from next September, eleven million pounds of chicken a year, and will also generate one hundred direct jobs .
The information was provided by Xavier Vargas, national manager of the company in Nicaragua, who "asked the government to clarify investment rules and maintain its commitment not to import additional chicken beyond the established quotas, because local production is sufficient to supply the domestic consumption", reported La Prensa.
Source: laprensa.com.ni
More on this topic
February 2009
With $5.2 million invested, Cargill inaugurated a new incubation plant in the Dos Caminos sector.
La Prensa.hn reports: "Freddy Madrigal, director of Agriculture for Cargill Central America commented that the plant has the most advanced technology for poultry breeding and production. He said that the plant has the capacity to produce between 800,000 and one million chicks per week. They are currently using 45 workers."
October 2011
Four companies account for 96% of domestic production of chicken meat.
The remaining 4% consists of small producers, which in turn are supplied raw materials by these four companies.
La Prensa analyzes the chicken meat industry meat in the country in an article on its website.
June 2011
The entry of the U.S. firm has brought new investment by competitors.
Since announcing the purchase of Pipasa by Cargill, the Costa Rican poultry market has not stopped moving.
Investment in new plants and rethinking strategies, among others, are some of the actions that companies are beginning to take to cope with expected changes in the market.
December 2011
Cargill, which owns 60% of the chicken market in Nicaragua, has made investments of $30 million conditional on further imports not being permitted.
Javier Vargas, general manager of Tip Top Industrial, confirmed that Cargill has five million pounds of chicken meat in warehouses belonging to Tip Top and Pipasa, which would be sufficient to meet the increased demand typical of the month of December.
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