Leading Argentine confectioner Arcor has outlined plans to expand in Brazil.
Go deeper with GlobalData
The company’s Brazilian subsidiary already accounts for a quarter of Arcor’s global sales, which reached US$1.3bn in 2005, but senior management are hoping to see business in Brazil grow by an average of 15% a year.
In 2005 the Brazilian unit’s revenues reached BRL750m (US$353m), up 20% year-on-year, and this year revenues are estimated to reach BRL$900m, Gazeta Mercantil reported.
Global chairman Luis Pagani said he primarily expects to grow operations in the north-east of Brazil, where several other multinational companies are already active. First fruits of this strategy will be seen in November, when Arcor will open a plant with projected output of 14,000 tonnes of sugar confectionery a year.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
