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CMI will invest USD$1.8 billion in the next 3 years

CMI will invest USD$1.8 billion in the next 3 years

Septiembre 14 2022

The corporation puts faith in the innovation, technology, and job generation to promote the economic growing in the region as part of the agreement that it has with the countries where it operates. 

Guatemala, September 14, 2022. With the objective to continue reaffirming its commitment with the sustainable development with impact in the 16 countries where it operates and, as part of its investment plan for the next three years, Corporación Multi Inversiones (CMI) will invest around USD$1.8 billion that will be used for the job creation, infrastructure improvement, innovation, and social projects. 

From the total of this amount, CMI Foods will invest USD$1 billion, from which USD$480 million will be used for projects and strengthening of capacities in Guatemala, El Salvador, and Honduras.   

José Gregorio Baquero, CEO of CMI Foods commented: “Guided by our purpose to feed the world to fill it with wellness, we are proud to tell this news that impacts positively to the economics of the countries where we operate, to our company and to all our value chain. Today, we share with the public the biggest investment that CMI has done in all its history, result of the effort of more than 40 thousand collaborators that are part of this big family”. 

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According to the executive, this investment looks for strengthen the value chain of the company in infrastructure, technology, innovation, and sustainability. In this way, CMI strengthen its capacities in competitive markets and environments, characterized to be free trade agreement that promote the commercial Exchange, and that are open for the investments of who wants to generate economic value, social and environmental wellness.

With this investment, CMI not only will promote the products and services that offers, but also will add new Jobs to more than 40 thousand directly and 160 thousand indirectly that today generates, to give new opportunities of development and wellness. 

CMI Foods will expand its protein business in Guatemala, El Salvador, and Honduras with the opening of new poultry of fattening farms, extension of incubation and reproduction farms, growing of capacity of plants of poultry processing, new lines of cold meat, the extension of its warehouse and the improvement of its logistical, storage and distribution process. Also, it will expand in the productivity capacity of the pasta and cookie plants, like of balanced food for animals and pets.

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As well, it will assign resources to make grow its recognized brands in the Central America region and Mexico like Pollo Campero, Pollo Granjero, Don Pollo, and Pizza Siciliana. In the United States, with an investment of almost US$190 million, Pollo Campero anticipates the opening of more than 100 new restaurants.

Meanwhile, CMI Capital will continue generating impact investments that promote the sustainable development, with an investment estimated of USD$790 million. Enrique Crespo, CEO of CMI Capital said: "Our investments in business in renewable energies will allow us to continue expanding our presence in Central America and reach to new geographies in Latin America, consolidate us in the region like the bigger private platform and diversified geographically and technologically. Invest in renewable energies contribute to decarbonize the energetic matrixes, avoiding the issue of approximately 1 million 685 thousand tons of CO2 to the environment for year”. 

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CMI Capital also will invest in property development projects to continue giving worthy home, safe public spaces and well-being and development to the local communities, through commercial spaces that promote the growing of small and medium business.

Sustainable Development with positive impact 

In sustainable investments, CMI will strengthening its strategy with attention in three priority lines like nutrition, limited efforts, to contribute with the environment, like communal and undertaking development programs, settled in the Foundation Juan Bautista Gutiérrez to promote several of them. 

Regarding to environmental topics, it has three main points of action associated to the use of water, management of waste and fight to the climate change. Particularly in this last one, CMI is a model, since, in addition to be the bigger private generator of renewable energies of the region, in its operations of food it has two certified plants neutral carbon, and it has set up more than 7 thousand 600 solar panels in farms and plants. In this way, in the last eight years, CMI Foods has avoided the emission of more than 125 thousand tons of CO2. 

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Crespo commented: “We will continue investing to develop the geographies in which we have presence, like we have done for more than 100 years, with the most higher quality standards, respect to the human rights and a strong commitment by the care, protection and conservation of the environment”.

Baquero concluded: “With this historical investment, we reaffirm our commitment with the region, creating opportunities that promote the sustainable development with impact in people, families and communities and consolidate like a fundamental actor for the promotion of the sustainable development, the feed security and the economic growth.”