Cargill’s Pipasa Invests09 August 2013
COSTA RICA - Costa Rican poultry company Pipasa is to spend $15 million on renewing its fleet of vehicles and modernising its processing plants.
The company that is owned by Cargill Meats is also looking to open a grain division in Costa Rica, according to a report in Nacion.
Cargill has already invested $3.7 million in Nicaragua in four grain silos
According to Xavier Vargas, executive director of the company in Central America, the Costa Rican poultry industry is stable, there is no significant growthand the company has moved into higher value products to grow.
Now it is looking to expand into the grain market.
TheMeatSite News Desk