Hortifrut will invest U.S. $ 84 million over 5 years

Chile

Wednesday 03 July 2013

Hortifrut plans to double its production of berries by 2018.

Huge investments planned by Hortifrut.

Hortifrut the Chilean leader of berries, will invest U.S. $ 84 million over the next five years. According to the announcement of the company, Hortifrut is preparing to spend U.S. $ 25 million for the 2013-2014 season and U.S. $ 17 million for 2014-2015. The following investments are not yet known.

The first phase of the plan would allow Hortifrut to increase its cultivated area from 1,266 hectares to 2,286 hectares. Production would then be 66 136 tonnes.

This year, in mid-May, the production volume reached 31 23 tons, an increase of +11.4% compared to the same period of last year.

source : eleconomista america cl