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Argentine agricultural firm invests US$3 million in new peanut processing plant

Argentine agricultural firm invests US$3 million in new peanut processing plant

From La Nación · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Morel Vulliez, an Argentine agricultural company, invested US$3 million in a new storage plant in Chazón, Córdoba.
  • The company, which processes and exports peanuts to global markets, aims to enhance its operational capacity and serve regional producers more efficiently.
  • Founded 30 years ago, Morel Vulliez has grown from a small grain-buying operation to a significant player in the agro-industrial chain, despite a past debt of US$9 million from Vicentin.

Morel Vulliez, a prominent Argentine agricultural firm specializing in grain, oilseeds, and agricultural inputs, has injected US$3 million into a new storage plant in Chazón, Córdoba. This expansion underscores the company's commitment to growth and serving producers in the region more effectively.

The company, which processes and exports peanuts to markets across the Americas, Europe, Asia, and the Middle East, now boasts a storage capacity of nearly 80,000 tons. With around 150 employees, Morel Vulliez handles approximately 600,000 tons annually, with peak harvest seasons seeing between 150 and 200 trucks arriving daily.

My husband bought pigs and we were doing relatively well, and one day he suggested we would buy grains. We started with a small truck in the garage of our house, just the two of us.

— Mónica FernándezRecounting the company's humble beginnings in 1993.

Founded 30 years ago by Carlos Morel Vulliez and Mónica Fernández in Monte Maíz, the company has evolved significantly. It began as a modest grain-buying venture and has since expanded into various facets of the agro-industrial chain, including seed multiplication, grain brokerage, and agricultural input sales. The firm's resilience is notable, having been a major creditor of Vicentin, which owed it US$9 million.

The new Chazón facility is designed to boost operational efficiency and storage space, catering to the growing needs of local producers. This investment reflects Morel Vulliez's strategic development, building on its history of expansion and innovation, including the development of precision agriculture technologies and a proprietary soil analysis laboratory.

We grew without realizing it.

— Mónica FernándezDescribing the company's organic growth over the years.
DistantNews Editorial

Originally published by La Nación in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.