Camposol eyes production gains with new financing deal

Major fresh-produce supplier Camposol is to put successful areas including productivity, h2o usage and genetics aft striking a $400m financing deal.

The Peru-based institution has secured the backing of a radical including the International Finance Corporation and Rabobank.

In a statement, Camposol said the concern volition mean the institution tin “scale its familial betterment programme”, which had achieved “superior yields”.

The radical is besides readying to put successful the varietal renewal of blueberry crops and astatine its avocado plantations, wherever it sees opportunities to amended productivity.

Camposol expects its exports volition leap by much than 30% by 2030 and is targeting “greater water-use efficiency”.

Last December, Camposol named its past interim CEO Ricardo Naranjo arsenic the imperishable caput of the company. Naranjo had been interim main enforcement since June past twelvemonth erstwhile erstwhile CEO José Antonio Gómez resigned.

In the archetypal 9 months of this year, income grew 21% compared to the corresponding play of 2024, reaching $367m. Blueberry income volumes leapt astir 63% portion avocado volumes were 14% higher.

EBITDA dipped 1% to $101.2m, though nett net fell 41% to $19.2m.

Camposol is engaged successful effect accumulation crossed the proviso concatenation from growing, processing, harvesting and marketing. Its scope consists of blueberries, avocados, mandarins, grapes and mangoes.

The institution operates facilities successful Peru, Colombia, Uruguay, Chile and Mexico. It besides has organisation centres successful North America, Europe and Asia.

During the 3rd quarter, Camposol opened a “biofactory” successful bluish Peru that has an yearly capableness for up to 5 cardinal blueberry plants.

“The 3rd 4th demonstrated the continued spot of our strategy and disciplined execution,” CEO Naranjo said erstwhile the institution announced the results 2 weeks ago. “We delivered different coagulated fiscal performance, maintaining our nett debt-to-EBITDA ratio good beneath the 3.5 times threshold for the 5th consecutive quarter, reinforcing the advancement of our deleveraging trajectory and the resilience of our fiscal profile.”

"Camposol eyes accumulation gains with caller financing deal" was primitively created and published by Just Food, a GlobalData owned brand.

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