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🇦🇷 Argentina /Economy & Trade

Entrepreneur Santiago Blaquier buys historic La Corona sugar mill and expands in the sugar industry

From La Nación · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Approved/passed
  • Ingenios de Tucumán has completed its purchase of La Corona, a historic sugar mill in Tucumán province, although the transaction value was not disclosed.
  • The acquisition follows the company’s purchase of Ingenio Concepción and advanced negotiations to acquire La Trinidad.
  • The group’s three planned mills accounted for nearly 22% of Argentina’s sugar-cane milling in 2025, according to the description.

Santiago Blaquier’s Ingenios de Tucumán has completed the purchase of La Corona, one of Tucumán province’s historic sugar mills. The transaction closed after several weeks of negotiations, but the value was not disclosed.

The acquisition expands a strategy built around greater production scale. The company aims to strengthen its position in Argentina’s domestic sugar market, expand its ethanol business and increase its presence internationally.

Blaquier created Ingenios de Tucumán in December 2025 after leaving Ledesma. The company had already acquired Ingenio Concepción, one of the country’s largest sugar complexes, and is pursuing the purchase of La Trinidad, owned by Ricardo Sixto Ansonnaud.

Negotiations for La Trinidad remain advanced. The company plans to take control after the current harvest ends, delaying the transaction because of financial and production considerations. The decision also avoids carrying out several acquisitions at once during a campaign affected by rain-related complications.

La Corona is located in the city of Concepción, in southern Tucumán. The Institute for the Promotion of Sugar and Alcohol of Tucumán says the mill dates back to 1882. Its legal entity is Sucroalcoholera del Sur SA, while its bioenergy company is Bioenergía La Corona SA. If the plan proceeds, Ingenios de Tucumán will comprise Concepción, La Corona and La Trinidad, which together accounted for almost 22% of Argentina’s cane milling in 2025.

it was decided to postpone its implementation until after the current harvest

· Company sourcesThe sources explained why the La Trinidad transaction would not be completed immediately.
About this summary

Originally published by La Nación in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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