Business Health

End point for the transfer of two SanCor plants

Adecoagro was in the news this week for taking a position after a long negotiation of two SanCor plants. This leader in the production of food and renewable energy was able to take charge of the milk processing plant of Chivilcoy, province of Buenos Aires and the milk powder and cheese in Morteros, Córdoba, and of the brands Las Tres Niñas and Angelita. Neither the firm nor the cooperative wanted to inform about the amounts involved in the operation. But this company, under the baton of Mariano Bosch, and which started with none other than George Soros as one of its shareholders, has invested US $ 170 million in recent years. With these plants, it consolidates a vertical integration process for its dairy farms with 8,000 milking cows that will soon grow to 10,000, and according to Bosch itself will be 14,500 to produce 550,000 liters of milk per day in 2021. The firm is one of the few which has a biodigester in the country for the transformation into energy from cow manure. Adecoagro is listed on the New York Stock Exchange, employs 8,000 people among its businesses in the production of sugar, ethanol, bioelectricity, rice Ala Molinos, milk, peanuts, corn, soybeans, wheat and sunflower. And in Brazil, Adecoagro produces ethanol, sugar and electricity based on sugar cane in three plants with the reputation of being the most modern in the world. This week he bet again with the purchase of the largest peanut plant in Dalmacio Vélez, in the center of the province of Córdoba. The plant belonged to the Olam multinational capital of India. Olam had established itself in Argentina in 2009, acquiring that peanut processor.

By the disclosure of the notebooks of the bribes, more than by law 27.401 approved in March last year, companies are rapidly changing their procedures. Lina Anllo, lawyer by profession, specialist in criminal compliance and gender, president of the Argentine chapter of the World Compliance Association, says that banks demand programs that were already in force in the world and here they were not paid attention. Even countries like Peru apply integrity standards such as the now required ISO 37.001 in their own Supreme Court. The State is implementing a system through the Bice to hire companies. Anllo says that it is not just a code of ethics and periodic training to which many companies come, but something much deeper and more inclusive, which requires even a manager in charge of the subject. The most active in starting the ISO process are the questioned construction companies, utilities (Edenor already has) and unions. Anllo is, together with a Brazilian, the only one selected in Latin America for the prize to be awarded in London to the women of the world highlighted in Transparency and Compliance for their preaching so that transparent practices in organizations also have a gender perspective. “That is, integrity programs are guided by equity, diversity and inclusion,” he explains.

With a surface the size of Formosa, Georgia, a former Soviet republic that became independent before the fall of the USSR in 1991, it has found its place in the world as a hub through which gas pipelines pass to Europe or train lines and It is part of the project that Beijing baptized “the Silk Road”. 8% of its income comes from agriculture and another from tourism. It has 4 million inhabitants but receives 7.5 million tourists a year. In the area of ​​Kakheti, cradle of the wine in the east of Georgia, very similar to Mendoza according to its ambassador Irakli Kurashvili, produces a wine of autochthonous strains that is considered boutique. Hence the agreement with Mendoza for the exchange of technology and the development of wine routes. Governor Cornejo visited them with the intention of exporting know-how. They also knot a similar alliance with Salta. The Chancellor of Georgia David Zalkaliani arrives in March at the summit on South-South Cooperation organized by the United Nations and to which about 60 Heads of State or Government were invited. Argentina was the first country in the world to recognize the independence of the Caucasus country. Hipólito Yrigoyen did it in 1919, after the proclamation of the first Republic of Georgia in May 1918 after the revolution of October 1917.