Reinforcing our financial position in Argentina is part of our strategic plan. This strategic plan recognises the importance of Expofrut Argentina as a leading exporter of fresh produce.
Tom Paemeleire, chief operating officer of Univeg’s fruit and vegetable division, explains the group’s decision to pump an extra US$15m into Argentinean subsidiary Expofrut, which reportedly incurred losses of almost 115m pesos (US$29.7m) last season.
