Fogel Andina gets started in the Valley del Cauca

Colombia's Valley del Cauca is to serve as an export platform for the firm Fogel Andina, a producer of refrigeration equipment new to the nation. Fogel has invested US$5mil in its production plant in the Zona Franca del Pacifico. It aims to produce 10,000 fridges and freezers in year one, having set up in Colombia to reduce its sales costs in the region (also including Ecuador, Venezuela and Peru).

Its leading local client is the (now multinational) Bavaria-SabMiller, the two firms first having worked together a few years back in Guatemala. Andres Sinisterra, Fogel Andina director, states that the aim is to post a turnover of around US$9mil in year one, 50% stemming from exports.

Publication: SABI - Business News
Provider: South American Business Information
Date: February 11, 2008

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