Nicaragua to open its first frozen fruit processing plant in state of León, according to news report; facility will create 60 jobs, have initial US$4M investment

Nevin Barich

Nevin Barich

LOS ANGELES , March 22, 2012 () – According to a report by website Elnuevodiario.com.ni, Frozen Fruit S.A. will open Nicaragua’s first frozen fruit processing plant in León, Fresh Fruit Portal reported March 22.

The facility will create 60 jobs, and Frozen Fruit will lay down a US$4 million initial investment.

Four hundred hectares (988.4 acres) of the plant’s 1,000 hectares will be devoted to mango plantations, while the rest will be used to grow bananas, edamame beans, okra and sweet potatoes.

According to Fernando Paiz, an investor whose family operates 500 supermarkets spread across Central America, the goal is for the facility to sell $2.5 million worth of produce — a total of 1,700 tonnes — to California, Florida and Puerto Rico.

Paiz added that the facility’s production target would increase to $7.2 million worth of produce — a total of 3,500 million tonnes the following year — and will create 180 jobs that will primarily benefit the communities of El Jicaral and San Francisco Libre, Elnuevodiario.com.ni reported.

Paiz said that his decision to invest in Nicaragua is a result of the country’s climate, which features long daylight hours. Good irrigation and a well-trained workforce also factored into the decision, he noted.

The primary source of this article is Fresh Fruit Portal, Santiago, Chile, on March 22, 2012.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.