Soy protein concentrate company invests $30 million to expand factory in Brazil
Monday, July 20, 2020
With the goal of increasing sales by 500% in the two-year period, Rio Pardo Proteína Vegetal will invest $30 million by 2022 to expand the production capacity of its plant in the state of Mato Grosso do Sul, Brazil. Production is expected to jump from 200 tons of soy per day to 800 tons per day. The company’s 2020 revenue, expected to reach $18 million, plans to reach $110 million in two years.
The COVID-19 pandemic points to new horizons in the world market, according to the company. For the managing director of Rio Pardo, Osvaldo Neves de Aguiar, the quality of the diets will be more rigorous from now on. “Animal health and food safety will have a greater weight in the production chain. Products that bring less risk to animal production and human health should gain more space. Vegetable proteins are a renewable source of nutrients for animal production. When compared to animal proteins, they are also safer from the health point of view, as they present a low risk of spreading pathogenic organisms and substances undesirable to animals”, he explained.
Rio Pardo Proteína Vegetal S.A. is an innovative Brazilian company that in recent years has invested in significant resources for the development of an exclusive technology for the production of soy protein concentrate for animal feed. In addition to serving the Brazilian domestic market, Rio Pardo exports to more than ten countries. The aquafeed segment is its main market, however, there is a growing demand for other species such as pig and poultry. As a result, the company today has a more sustainable technology in relation to traditional processes that also provides a safer and nutritionally superior SPC.
Check out the latest industry job openings in our Job Board.
We are social. Connect with us on:
Sign Up For Our Publications
Select a newsletter/magazine and submit your e-mail to subscribe.