Mitsui & Co.’s wholly-owned subsidiary Anagra S.A., a Chilean fertilizer distribution company, has invested in Equilibra Peru S.A., a fertilizer distribution company which is part of the Romero Group, the largest conglomerate in Peru. On June 26, 2017, a ceremony was held in Lima to mark the investment in the company.
The Peruvian agricultural sector is experiencing fast growth, centered on fruits and vegetables, supported by government policies which endorse the export of high-value added crops and support irrigation farming. By 2030, the country’s fertilizer market is expected to double its current size.
In neighboring Chile, Anagra S.A., which boasts the highest fertilizer sales figures in the country, deploys agricultural specialist (agronomists) to carry out guidance on the latest farming methods and optimum fertilization, such as analyzing customer data and agricultural soil. Through this investment, Mitsui aims to contribute to the growth of the Peruvian agricultural industry by effectively introducing such methods to Equilibra Peru S.A.
Just prior to this investment in June 2017, Anagra S.A. celebrated 25 years since its establishment, and going forward the company aims to achieve further success together with the Mitsui & Co. Group, with the goal of enhancing its value-added offerings in its base in Chile and expanding its business in Peru. This investment is also a starting point for further strengthening the comprehensive partnership with the Romero Group.
Equilibra Peru S.A.’s Corporate Profile
|Company Name||Equilibra Peru S.A.|
|Location||Peru / Lima|
|Date of Establishment||June 2017 (Predecessor Romero Group entered the fertilization market in October 2014)|
|Major business areas||Production and sales of fertilizer products|