More Mexican capital arrives

Ecuadornews:

First they were Juris-Don Diego, Supan, Tonicorp and the GPF Corporation (Fybeca, SanaSana, Okidoki and others). Now, Rizobacter. The guys do not get tired of arriving in Ecuador with their pockets full of capital.

The last transaction was a month and a half ago: the multinational Agro Operator of Silos and Grains (of shareholders of Mexico and Canada) arrives at the national market hand in hand with Rizobacter Ecuador, specialized in integrated pest management, but in the last year it found new technologies that captured the interest in the land of tequila and mariachi.

“We are a merger where the biggest shareholders are them, who have 25 years of experience in silos, warehouses and grain transporters. And we who have 27 years working on pest control in the plants of the industries that provide food. We absorb our different experiences, “Tomás Cantore, general manager of Rizobacter de Guayaquil, tells Diario EXPRESO.

This company is one of the two that is responsible for fumigating teak wood that is exported to India. But the novelty that attracted Mexican-Canadians is a new method. It is the hydrolysis of phosphine, which is a reverse process to phosphine or traditional method, used especially in grain storage.

It is a clean method, explains Silvana Cornejo, technical manager: the tablet is mixed with water and the phosphine remains in gaseous state that is introduced by air to containers, silos or other enclosures. This shortens the times substantially.

The owners of Agro Operadora de Grains called attention to their portfolio hydrolysis used in Ecuador, because it “advances in a matter of safety by not leaving any residue,” says Cantore.

With the current system, the aluminum hydroxide (most used), or the ash that is generated when the gas in the pellet is released, is mixed with the grain in the process, so industrialists must wash the grain before entering it to the process of food production.

In general, José Orellana Giler, former consultant of McKinsey and Company and MBA in the Darden Graduate School of Business, sees some factors or causes for the arrival of new companies in Ecuador.

It states that there is a generational change, consolidation of sectors to have greater scale and reduce production and sales costs. In addition, “there is a greater presence of multi-latinas that come from countries with a much lower cost of capital, etcetera”.

In the case of Corporación GPF, bought by Femsa, note that the buying company has the advantage of being able to invest more in the business with a well-known brand.

The greatest effect

Telepizza: 450 more jobs

Jesús Hernández, Managing Director of Telepizza in Ecuador, points out that the agreement is important: “This operation will allow us to rapidly expand our coverage to other corners of the country, increasing our number of stores that will represent a generation of more than 450 in the coming years new jobs directly to add to the current 800. ” (I)

Source: http://m.expreso.ec/economia/economia-inversion-capital-mexicano-ecuador-GX2415459