Sudameris Bank and Incka S.A., a subsidiary of Frigorífico Concepcion SA, FriCon, have announced $25 million in financing for equipment and machinery for its new pork processing plant located in Katueté, department of Canindeyú, Paraguay

Frigorífico Concepción S.A., leads this ambitious project, which will have a significant impact on the local and national economy. It is estimated that the new plant will employ 2,000 when fully operational, in addition to creating approximately 4,000 indirect jobs, transforming the large rural area.

The completion of the project will double Paraguays national pork production. Currently, the country's slaughtering capacity is 680,000 heads per year, and it is projected that it could increase to 1,420,000 heads once the plant is fully operational.

The total estimated investment for the industrial plant is $40 million, including $15 million in infrastructure that’s 2/3 complete, and the $25 million in equipment to be delivered in a few months.

The expected mix of exports and domestic market is 50%/50%, positioning Paraguay as a key player in the international pork trade. Frigorífico Incka expects to obtain certification for Taiwan, Korea, and Chile next year.

The plant's location is strategic, facilitating the export of products through various routes, whether by land to the port of Paranagua in Brazil, the port of Antofagasta in Chile, or Buenos Aires, using both land and river routes through the Paraná/Paraguay waterway.