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Article: Iguacu partners to trade soluble coffee.
- Article from:
- South American Business Information
- Article date:
- September 19, 2003
CopyrightCOPYRIGHT 2003 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Brazil, Sep 18, 2003 (Gazeta Mercantil/SABI via COMTEX)
Companhia Iguacu de Cafe Soluvel, one of the largest Brazilian soluble coffee companies, with an annual turnover of R$220mil, partnered with the Spanish Seda Solubles for the creation of the Alliance Coffee Company, to be based in London. The new company starts up with a share capital of US$4.4mil, and the commercialization of 1,000 m tons of soluble coffee in UK in the first year of operation. The goal is to expand the sales to Eastern Europe, trading between 2,000 and 3,000 m tons per year in 2006. Companhia Iguacu, based in Parana state, always focused on the international market, and currently exports 80% ...