Rica Foods: new hatching facility in Nicaragua
Rica Foods, Inc. has announced that it plans to open a new chicken
hatching facility outside Managua, Nicaragua.
Rica Foods, an international producer of broiler chickens, processed
chicken, beef and pork by-products, commercial eggs and premixed feed and
concentrate for livestock and domestic animals, currently ships day-old chicks
from Costa Rica to Nicaragua. Transportation of these chicks, however, caused
mortality and therefore is an expense to the company.
It is anticipated that the opening of the new hatching facility will allow
the company to provide products to the Nicaraguan market, thereby eliminating
the need to ship day-old chicks from Costa Rica.
US$1.1 million will be invested in the new facility, which will be operated
by Rica Foods' wholly owned operating subsidiary, Corporacion Pipasa S.A. and is
projected to have 10 hatching machines.
It is expected that the facility will be fully operational in January
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