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Amaggi will build three new industrial plants, including two fertilizer mixing plants and one for biodiesel production
The Brazilian agribusiness giant Amaggi announced an investment of approximately BRL 2,3 billion in works and acquisitions in 2021. The strategy comes in the wake of strong investments recently made by its main competitors, the Chinese Cofco and the North American Cargill.
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According to Amaggi, the objective is to consolidate its position on several fronts, with investments in the areas of agricultural production, logistics, biodiesel production, energy, fertilizers and grain origination. “Part of the projects is already underway. This is one of the most important investment volumes ever contributed by the company in just one year”, emphasizes the company.
Amaggi projects revenues of around BRL 44,2 billion for 2021
At the same time that it invests heavily, Amaggi projects revenues of around R$ 44,2 billion for this year. "Through the announced investments, the company expects to further increase the synergy of its operations on several business fronts and continue to reinforce the basis for its sustainable growth in the long term", says the company in a statement.
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Amaggi reveals that it will install three new industrial plants, two of which are fertilizer mixing plants – in Porto Velho (RO), with works already started (which also include a rear warehouse), and in Sinop (MT), with works still to be done. start. Both fertilizer factories will supply, with simple and compound products, the demand of rural producers of the most diverse crops in the vicinity of the units.
The third industrial plant will be a biodiesel production plant, in Lucas do Rio Verde (MT), with works already in progress, right next to the grain processing plant maintained by Amaggi in the municipality for over ten years of operation.
Amaggi invests in logistics and increases road fleet to 800 vehicles
In the logistics sector, the company announces an increase in the road fleet to 800 vehicles, in addition to having a new base for logistics operations in the municipality of Vilhena, in Rondônia. Another investment announced by Amaggi for 2021 is the increase in the company's total storage capacity – from 2,6 million to 2,85 million tons of grain – with new warehouses distributed throughout the country's producing regions.
On the agricultural production front, investments consist of the acquisition – already announced and approved without restrictions by the Administrative Council for Economic Defense (Cade) in March – of the assets of the O Telhar Agro Group in Brazil, all located in Mato Grosso (farms in Alto Paraguai, Campo Novo do Parecis, Nova Ubiratã, Novo Santo Antônio, Primavera do Leste, Rondonópolis and Santo Antônio do Leste).
The investment should increase AMAGGI's agricultural production capacity (for grains and fibers) by approximately 34%, based on the addition of 62 thousand hectares to the total productive area that the company will hold for the first and second harvests, reaching almost 350 thousand acre.
