Alimentos Kamuk, the Costa Rica-based sauce maker, is to build a production plant as it seeks to expand its product range.
Kamuk, part of local agribusiness company Grupo Pelon, exports 80% of its line of chili, soy and barbecue sauces, mainly to the US and neighbouring Central American countries.
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The project, which has secured finance from German investment fund DEG, will see Kamuk extend into products such as pasta sauces and jams.
“The DEG investment enables an innovative medium-sized enterprise to grow further and to expand its product range,” the fund told just-food.
Last year, DEG invested EUR208m (US$262.5m) in food and agricultural services worldwide. In the last two years, the fund has spent EUR898m in Latin America across various sectors.
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