Coto Ratifies $ 25 Million Investment in Rosario

The businessman Alfredo Coto decided to invest heavily in Rosario and favor the city over other disbursements planned by the main firm (such as the Nordelta branch). Yesterday landed early at the exFricop factory, to make an announcement with a group of architects, engineers and consultants.

In the company of Alberto Fantini, ruler of the Meat Federation, in addition to employees and rulers, Coto visited all the outbuildings of the refrigerator that he had bought from José Mattievich in March of the same year. 39, last year, an establishment authorized to export to all destinations. with the exception of the United States.

After the visit, he made the announcement with Fantini and stressed that "there is much to do, but I am very happy after the tour", in which he greeted one by one every employees participating in the various processes of the factory.

"Argentina is an agro-industrial country, we must develop everything and I really want to continue doing things in our country"

"Argentina is a country in the agri-food sector, we have to develop everything and I really want to continue doing things in our country," said the businessman, who said he saw "fearful businessmen of the economic situation, I told them that we must" play ", and return to" play ", he said.

Coto will pay 25 million dollars (much more in pesos than last week) to "be able to export seriously", according to his words "with our brand, with quality, with guarantee", is it touted, highlighting the branches with those already in the world, such as Coto Shanghai, Coto Dubai, Coto Alemania and Coto Chile, among others.

Today, the former Fricop plant employs about 600 people and operates a total of 15,000 head per month. 70% are destined for the domestic market, the rest is exported to China, the European Union, Chile, Peru and Hilton.

With the planned investments ("we must put technology"), the idea is to bring the work to 20 000 heads, stop to total about 50 000 if you consider the other establishment of the company Coto (Famaba) , located on the road 3 km44, in La Matanza.

Chickens

The group led by Alfredo Coto is seeking to become an international player in the meat, leather and chicken sectors. In the case of chickens, the group has a refrigerator in Esteban Echeverría, born to meet the internal demand of its supermarkets, but quickly began supplying other chains and exporting to the region. 30% go to the domestic market and the remaining 70% to export.

"We must feed the productive apparatus and lighten the taxes of the producer"

"It is a state-of-the-art facility, badembled with Dutch technology, capable of handling 6,000 chickens per hour," boasted a businessman, aiming to "invest and add value", to "fluctuations that affect the business world".

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Photo: Celina M. Lovera / The Capital

Model

"We must nurture the productive apparatus," said the business man of different levels of government, stressing the need for "tax relief" for all those who produce so that He can continue to do so.

"We are a family, we are not listed," he said. In this sense, Coto stressed the need to meet the conditions to compete with foreign capitals. And he called on governments to "relax their taxes". The company is the largest employer in the country, with a workforce of nearly 19,000 people.

"The evolution of the economy affects; it's the worst thing that can happen to a country," said Coto, asking leaders to "talk about the productive apparatus; 39 is the most important thing. " He stressed the need to "stabilize the economy".

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Photo: Celina M. Lovera / The Capital

Immovable

Coto also said that he was looking to reactivate the company's project regarding the land he owned in Martin's neighborhood, in the old Yerbatera farm. "The only problem is that I do not have the money," said the business man. However, he pointed out that he was talking with several investors.

"There will be two rounds, and I expect to be Rosario's flagship," said Coto.

The company started a few years ago to pave the way as a real estate developer. Associated with the British car manufacturer Aston Martin, he built a condominium in the city of Miami, which is marketed under the brand name Aston Martin Residences.