CMI will invest more than $134 million in El Salvador in the next three years

Under the vision of impacting the sustainable development of the countries in which it operates, the multilatina of Guatemalan origin, Corporación Multi Inversiones (CMI), through its CMI Alimentos division, recently announced that it will invest more than $134 million in the next three years in El Salvador.

In total, CMI Alimentos contemplates an investment of $1,000 million in the 16 countries in which the firm operates. Of that amount, $480 million will be used for projects and capacity building in Guatemala, El Salvador, and Honduras.

José Gregorio Baquero, CEO of CMI, explained that the capital injection announced for the food sector is part of the company’s investment plan for the next three years, which will be made up of $1.8 billion.

«Guided by our purpose of feeding the world to fill it with well-being, we are proud to announce this news that positively impacts the economies of the countries where we operate, our company, and our entire value chain,» said Baquero.

The executive assured that this investment is the largest that CMI has made in its entire history, and with it they seek to strengthen the company’s value chain in infrastructure, technology, innovation, and sustainability.

«CMI strengthens its capabilities in competitive environments and markets characterized by free trade agreements that promote commercial exchange and that are open to investments by those who want to generate economic value and social and environmental well-being,» added Baquero.

In the three countries of the Northern Triangle, the multinational plans to open new fattening poultry farms as well as expand the incubation and reproduction farms; On the other hand, it plans to increase the capacity of poultry processing plants and expand its warehouses.

Baquero assured that as the company’s operations expand, he will hire more people. To date, the company has generated more than 40,000 direct jobs and 160,000 indirect jobs.

Finally, the CEO explained that the CMI Capital division will continue to generate impact investments that promote sustainable development with an injection of $790 million.

«Our investments in renewable energy will allow us to continue expanding our presence in Central America and reach new geographies in Latin America. We consolidate ourselves as the largest and most diversified private platform, geographically and technologically, in the region », he concluded.