Bimbo Invests USD30m in Argentina Baguette Plant

Grupo Bimbo has announced an investment of approx. USD30m (MXN 600m) in the Argentine plant it acquired in March 2016. The manufacturer inaugurated four new production lines at its San Fernando plant.

On this new venture, the company will expand on its handmade bakery products, adding to the production lines that already make white bread, integral, bran, and multi-cereal baked goods. In addition, from this incorporation of state-of-the-art technology, Grupo Bimbo in Argentina will have greater international certifications that will help increase productivity and  reach more destinations. Currently, the company exports products from Argentina to Chile and, soon, new markets such as Paraguay and Uruguay will be added, according to Grupo Bimbo.

The general manager of Grupo Bimbo in Argentina, Diego Bustos, highlighted the importance of the investment: “We acquired this factory in March 2016 and, from that moment, we have been concerned about getting the most out of it, investing in technology and achieving its renovation. In less than two and a half years, not only did the production tons quadruple, but the number of workers increased by 30%.”

The general manager also emphasized the importance of the province of Buenos Aires for the company: “Due to our vast history in the province, this announcement has been special for us. Since 1995, we have been betting on this great province, where our first factory was installed in the province of Pilar. In this way, we continue to strengthen our presence on Buenos Aires soil.”

Officials also highlighted the company’s work in Argentina and the province of Buenos Aires. In this sense, the Argentinean secretary of industry Fernando Grasso, who attended the event, emphasized: “Something that for us is in alignment with the Government’s objectives is the ability to enable growth in Argentina based on investment, and the growth of exports.”