Within the framework of Alltech’s expansion plans for Latin America, the company recently opened a new office in Paraguay, marking a total of 14 offices, nine manufacturing facilities, four distributors and 1,028 employees in the region.
The grand opening of the Paraguay office took place Aug. 19, with participation from many members of the agribusiness sector.
"It is an honor to have a new Latin American office and to bring our 34 years of research and experience to the Paraguayan market. Alltech's model is simple: see what the world needs and search for innovative solutions, and that is what we have been doing for some time in Paraguay. We work to discover and implement natural, efficient and healthy solutions for a sustainable animal nutrition and side by side with our co-workers and our new facilities, we strive to increasingly support the development of the Paraguayan agricultural industry," said Guilherme Minozzo, vice president for Alltech Latin America, the fastest growing region for the company.
According to the United States Department of Agriculture (USDA) and thanks to a continuous expansion in livestock production, the Paraguayan beef exports market is expected to grow at a rate of 8% during 2014 and reach 325,000 tons, enabling Paraguay to match Canada as a world supplier and become the seventh major exporter. The USDA also highlights the sustained growth of cattle in Paraguay and considerable international demand, particularly from Russia, its main buyer. According to the USDA, 9.2 million tons of beef will be marketed this year around the world, with Brazil as the main exporter with 1.9 million tons.
Likewise, Paraguay's Ministry of Industry and Trade envisions that the production and exports of chicken and pork shall be the country's next economic leap in this growing global food market.
"Paraguay's agricultural world is yet to be explored and the industry has unique opportunities to achieve sustainable growth. For seven years we have been working in Paraguay providing ruminant health and nutrition solutions through our Mainumby distributor, and we identified the need to invest and work with the poultry and pig sectors as we do in the other countries in the region," said Horones Almeida, Alltech Paraguay manager. "This will be our main focus at this moment. Our goal is to support the local market and our presence in Paraguay will be critical for achieving our expected goal. We are on the right track."