Colombian Company Will Invest $ 21 Million Dollars In Mexico

Colombian company will invest 21 million dollars in Mexico


Business - Friday, March 18, 2011 (20:12 hrs)

•Team made ​​the investment , a means of one of its subsidiaries
The online Financial

Bogotá, March 18 .- The Colombian company Team, a leading food industry (vegetable fats and oils), announced today it will invest $ 21 million in Mexico .


The investment will be made through one of its subsidiaries and jointly with the member of Team in Mexico, will aim to strengthen its U.S. business in that country.

The capital will be invested to improve the platform for research and development Team, by building laboratories that will allow the company to be more agile in developing local solutions to their customers.

Furthermore, the investment will serve the "strengthening logistics capacity, improving and optimizing warehouse distribution systems that exist today."

A third area is the "improvement of the manufacturing area, ensuring the plant meets the highest standards of quality and production demands of Mexican industry."

It also will improve the "business area, ensuring a greater presence of the products in the Mexican market," the company said in a statement.

In 2007, Team Brothers teamed up with Tron, a company with more than 100 years in the Mexican market, which allowed him to have a presence in that country through its two business units: consumer goods and "food service".

This new investment reaffirms our commitment to Mexico and allows us to serve the best to our customers, suppliers and partners," said Team President, Luis Alberto Botero.

He added that "the company is poised to meet market needs through a modern refinery with a local team prepared that lets you make contacts for raw materials handling and logistics, establishing itself as a multi-domestic company."

Team is a company with a history of more than 50 years in the food sector and has plants in Chile, Mexico and Colombia, in addition to reaching more than 25 countries including the United States . (With information from agencies / GCE)

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