Vitapro invests $35 million to expand its production capacity in Ecuador and Peru
The company invested in expanding the production capacity of its plant in Ecuador, located in the Yaguachi sector, and its plant in Peru.
March 15, 2021
Vitapro invested in expanding the production capacity of its plant in Ecuador, located in the Yaguachi sector. Along with the expansion of its plant in Peru, the company has been consolidating an investment of more than $35 million in the last two years. These investments, added to the production capacity of the Honduras plant, result in one of the largest production infrastructures for shrimp feed in Latin America.
The company continues to be a partner for the shrimp industry with investments that boost the competitiveness of the sector that allows Ecuador to remain as a world leader in shrimp production. “We are looking beyond the current situation and this has prompted us to continue with investments. We know that we are part of a solid and resilient industry, which will require increasing production capacities,” said Fabricio Vargas, general manager of Vitapro Ecuador.
The company is present in Ecuador, Chile, Honduras, Nicaragua, Costa Rica, Panama, Guatemala and Mexico. The current investment in the Ecuador plant corresponds to a plan that began in 2019 and is carried out in parallel with the expansion of the company's plant in Trujillo, Peru. The company has also invested in other production areas such as process efficiency and the replacement of obsolete equipment.
All these investments are an important driver of local economies and an engine of development for the population in the area of influence of the production plant, according to the company. In this way, Vitapro strengthens its presence in the Ecuadorian shrimp industry and continues taking firm steps to materialize in practical actions its purpose of “transforming aquaculture to nurture tomorrow.”
Vitapro bases its sustainability strategy on three axes: economic, environmental and social. This comprehensive understanding of its operation generates value by maximizing the results of its clients and by taking care of the origin of raw materials and the marine ecosystem and promoting growth. This strategy is compiled in its most recent Sustainability Report 2018-2019, which shows a deep vision of the company's work and its value chain in terms of sustainability. “The transformation of the aquaculture industry continues to be our day-to-day challenge, as well as for the last 35 years,” explained Vargas.