O National Bank for Economic and Social Development (BNDES) will support the construction of an industrial unit and facilities for the storage of inputs for the production of fertilizers in Paranaguá, on the coast of Paraná.
Worth up to R$60,9 million, the financing will be granted to Araguaia Fertilizers, through the BNDES Finem program.
The new factory will allow the company's logistical expansion to new agricultural markets in the South, Southeast and Central-West regions of Brazil.
The industrial project includes civil works and assembly for the construction of a fertilizer mixing factory and a warehouse for the distribution of inputs.
Structures will also be erected to support the operation, such as guardhouses and administrative facilities.
The construction of the industrial unit will allow imported raw materials, which represent 80% of the inputs needed for Araguaia's fertilizer formulations, to be unloaded.
National raw materials, in turn, will be transported by road to the new production unit.
In addition to these logistical gains, the company will take advantage of the new warehouse to stock inputs at levels sufficient to withstand any delivery difficulties from foreign suppliers.
Adubos Araguaia Indústria e Comércio was founded in 1978, and today is one of the largest fertilizer distributors in the Central-West region of Brazil.
The company has five fertilizer mixing plants and more than 40 commercial stores.
The production and sale of fertilizers, pesticides and seeds accounts for 95% of the company's revenue. In addition to these products, Adubos Araguaia provides technical assistance for planting and harvesting processes.
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