Coto will invest 25 million US dollars in a refrigerator

In a week convulsed in the plane
financial, plans for
investment Some companies do not stop.
The Coto hypermarket chain announced today that it would invest $ 25 million in a
refrigeration plant to increase your
meat export from 15,000 to 20,000 heads.

"The goal is to strengthen the subsidiaries of Coto Shanghai, Germany, Chile and Dubai," the company said in a statement. The investment will be realized in the Rosario exFricop refrigeration facility, acquired by the company.
supermarket in 2018. This is an establishment authorized to export to all destinations, except the United States.

Fricop is not the only fridge in
keep. Famaba is the other factory owned by businessman Alfredo Coto in La Matanza. "This acquisition not only led to an increase in participation in the
slaughter vaccine Argentina, but also the continuity of the 600 or so sources of work of the plant, which has joined the more than 19,000 employees of the
retail businessadded the signature.

Coto has more than 120 branches in the country and is one of the largest private employers in Argentina. It has been exporting meat since 1998 and has had a significant relative
Hilton Rate 2018/2019 (quota for the export of high quality and value beef that the European Union grants to the rest of the countries to introduce these products into its market). This year, Argentina returned to cover 100% of this quota after 10 years. This quota represents a company of nearly 400 million US dollars.

The company exports mainly to the European Union, China, Chile, Russia, Brazil, Hong Kong, United Arab Emirates and other countries.

IN ADDITION