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DVA announces investment of US$100 million over 5 years in Argentinaqrcode

Feb. 24, 2020

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Feb. 24, 2020
By Leonardo Gottems, Reporter for AgroPages

DVA announced a recent investment of US$25 million, adding to its total investment in Argentina of $100 million in the next over five years.
 
The investment aims to help the company expand into the agrochemical business, to rival other suppliers in the sector. To do so, the German company is hedging its bets on “microemulsions.”
 
Dardo Lizárraga (General Manager of DVA Argentina) stated, “The company’s efforts will begin a new expansive stage in Argentina. Our main business is the development, local production and commercialization of a wide range of phytosanitary products for the protection of crops, with a focus on fallow and many other crops, whether traditional, such as soybeans, corn, wheat and sunflower, or specialties, such as citrus, legumes, fruits and vegetables.”
 
The company has been commercializing different active ingredients for agriculture in the industrial sector for over 15 years in the South American country, providing access to specific compounds of diverse origins. “It is one of the pioneering global companies to market with China since the 1960s, long before the commercial opening of the Asian giant, which has allowed it to create relationships and ties with the country in a unique way. It has built a portfolio with more than 700 phytosanitary registrations globally, which are available to both the market and customers,” Lizárraga said.
 
Two years ago in Argentina, DVA acquired 100% of the local company AGM, launching a new production plant to supply the local and export markets in Latin America. “After this investment, we will operate, from 2020, as DVA Argentina, both in the industrial sales business and direct sales to customers, as well as to develop our distribution channel through strategic partners around the nation,” he added.
 
Lizárraga stressed the company’s most important investment has so far been in human capital and product development and registration. “We continue to invest in infrastructure and our commercial and development team, and from 2020, on construction and brand positioning. The investment we have made so far will triple in the next five years, far exceeding $100 million between assets and working capital,” he further added.
 
“We believe in microemulsions, as they are a powerful technology that adds considerable value to the market, from treatment efficiency to low environmental impact. This last campaign, we launched a microemulsion at 30% of 2,4D, which turned out to be one with the lowest volatility and zero phytotoxicity effect in the Argentine market, which was confirmed by studies by the universities of La Plata and the Coast, respectively,” he said in conclusion.
 
 
DVA office

Source: AgroNews

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