Sao Paulo, Brazil, 8 May – Portuguese fertilizer company CUF-Adubos de Portugal has set up a subsidiary in Brazil and may open up factories in Brazil in partnership with other investors, according to financial newspaper Valor Economico.
CUF-Fertilizantes do Brasil in a first stage, which will last for three years, will work only with imported products and work in the southeast of Brazil.
“The focus is on specific products, not in simply mixing. We want to offer formulas that are more appropriate to the needs of farmers,” said Eduardo Aquino, chairman of the Brazilian subsidiary.
According to Aquino, “it is possible to personalize sales even with imported products.”
The company, Aquino said, was investing in training a sales team, made up of agronomists.
With its own production of 1 million tons of fertilizers per year, CUF-Adubos de Portugal is part of the CUF group, whose many activity is to produce industrial chemicals.
CUF, in its turn, is controlled by the José de Mello group, which also has businesses in the areas of health, electronics, finance, power and real estate.
CUF has operations in Portugal, Spain and Morocco and exports to over 10 countries, with annual operating revenue of some 200 million euros a year.
In Brazil, the consumption of fertilizers is expected to rise in 2007, due to high seed prices, exceeding last year’s sales, which totaled some 20.7 million tons. (macauhub)