Caramuru reinforces the box and extends its investments

Largest grain processor national capital, Caramuru Alimentos, based in Itumbiara, Goiás, just closed a financing of export prepayment of $ 180 million to strengthen the carton, stretch debt and continue ongoing investment, this year reaching about 100 million of R$.
According to Cesar Borges de Sousa, Vice President of the company, the funding was obtained to a pool of international banks led by The Bank of Tokyo-Mitsubishi. Also part of the ABN Amro group, Deutsche Bank, Rabobank, the Scotia Bank and Natixis. Each institution participates in the business with $ 30 million.
The operation has a two-year grace period and average payment of three years. Interest rates have not been revealed, but, as Borges de Sousa, were profitable enough to justify the anticipation of this taking of credit, which was intended only for next year.
One of the main projects of Caramuru that will be fed by these features is the implementation of an alternative production of concentrated soy protein company factory on Smile, in Mato Grosso, the northern region.
The unit has the capacity to produce between 180 1,000,000 tons of product per year, and the entire volume is intended for foreign markets. Currently, shipments are made at the port of Santos, in the coast of São Paulo, and with the output from the North, the economy of shipping is estimated at between 25% and 30%.
The project, which is underway, provides for total investments of the order of 45 million R$-part financed with funds of the Constitutional finance Fund (FNO), includes the construction of a transshipment in Itaituba, Pará, and one in the port of Santana, Amapá. The expectation of Caramuru is the transport by this path starts at the end of 2016.
In the future, in addition to concentrated soy protein products of export company can also be disposed of by the North. "In the case of corn, since the country is settling as an important exporter".
Other investments which will be irrigated with the loan closed are the expansion of soybean processing capacity of Smile, 1000 unit for 1.2 1000 tons per day, and two installations of cogeneration power plants in Grin and Itumbiara. These plants rely on resources from BNDES.
Still in smile, Caramuru is also raising a biodiesel production unit from 24.5 million injections of R$, Constitutional financing fund in the Midwest (FCO).
Borges de Sousa stresses that the company recently opened its new soybean crushing of Ipameri, in Goiás, which absorbed total investments of nearly 90 million R$ in recent years. The factory has a capacity to process 1.5 1000 tons per day.
With the strong appreciation of the dollar against the real, Caramuru in 2015 will be able to overcome the R$ 3.5 billion provided for in the first place. Last year, were $ 3 billion. Exports are expected to contribute about $ 700 million.