Santa Fe.- The holding chino Fufeng group, The biggest rubber manufacturer Xantana (thickening) and monosodium glutamate (seasoning), Inputs used in food, cosmetic and manufacturing industries, It seeks to settle in Argentina with an estimated investment in the 400 million dollars to process corn.
The plant they evaluate build In Argentina, where the south of Santa Fe is among the predetermined places, It would occupy about 100 hectares, with a processing capacity of 560,000 tons of corn per year and generate 600 jobs (60 managers, 140 technicians and 400 operations).
This effective possibility raised by Fofeng adds to another large private investment in the port zone where the main oil polo of the interior of the country works, from timbu to Arroyo Seco, with central axis in Rosario. It is the construction of a multipurpose port in Timbúes, where the company Terminals and Services will invest 290 million dollars. The work will generate employment peaks of up to 300 workers, once the three main units 200 direct jobs are operational, plus indirect employment associated with the operation of a scale port. This filing will become the first project in the province to be carried out under the incentive regime for large investments (Rigi).
“The group (Chinese) came to Santa Fe to consult the possibility of based in the province. He held meetings with private and public sectors. In the meeting with the government of Santa Fe we made available all the technical teams to bring the information they require. We also review what the province of Santa Fe possesses in tax matters. We remember that we are attached to the large investment incentives regime (RIGI), which is an interesting possibility to evaluate. Another is the current industrial promotion law, and also the fiscal stability that exists ”in the province, explained in dialogue with The nation the minister of Productive development, Gustavo Puccini.
When pointing out the comparative advantages over other provinces, Puccini pointed to “the port development that we have and that gives us a potential to export”, since “we are located in the center of the country and, in addition, we have an economy of knowledge, potentiality that universities settled in this territory give us,” he said. “We have made available other programs that refer to permanent training and training, in addition to energy efficiency programs. All are remarkable issues that we have offered to this investment group. And we hope you take into account the good relations in the institutional and private that we have, ”added the SantaFecine minister.
The main directors of the holding, Tianqing Yang y Xuefeng Wu, They presented the project in separate meetings held in Rosario with Puccini; Authorities of the Rosario Stock Exchange (BCR) and Cooperative Executives Argentine Federated Farmers (AFA). The managers also toured facilities of the Argentine Cooperatives Association (ACA) In Córdoba, another province that appears in its radar as a possible destination of the investment.
Where he decides to settle, the Chinese group will build silos for corn storage and plants to generate energy, water treatment and will also provide railway logistics.
According to the Argentines who attended these meetings, the delegation was headed by Tianqing Yang, responsible for the South America project, and Xuefeng Wu, its director. “The objective of the visit was to carry out an integral analysis of the institutional, political, commercial and supply provision, fundamentally corn, which they consider the key raw material for the industry they project to develop,” explained a BCR source.
The group’s interest was well received by the Santafine government. It was admitted that the intention to compete for the filing of the project is firm, for which tax incentives, credits and infrastructure support will be evaluated.
On the other hand, it was learned that the Chinese group Fofeng, a world leader in biofermentation, intends to venture into Argentina in the production of food and food grade lysine. Treonine is an essential amino acid that is mainly found in protein -rich foods such as meat, fish, dairy and legumes although it can also be found in plant foods such as soybeans, wheat germ and legumes. Lysine, meanwhile, is an amino acid component of proteins synthesized by living beings and is one of the 9 essential amino acids for human beings.
The Fuffeng Group Co. Ltd. was founded in 1999 and became a company that lies in the Main Exchange of Hong Kong since 2007. It has subsidiaries that are dedicated to biotechnologies, pharmaceutical industry and even the mining industry.
As it transpired, it is not the first time that the Fofeng group seeks to settle in the West. In 2022 he tried to build a plant in the North Dakota (USA), but was blocked for national security reasons due to his links with the Chinese government. After that setback, the US Congress prohibited the purchase of agricultural land by companies from countries such as China, which motivated the group to seek new strategic destinations, including Argentina.
A few days ago, company representatives
They visited a Nicolás Pino, President of the Argentine Rural Society (MRS) and also referred to the issue. The MSA pointed out: “We received Tianqing Yang (Head of South America Project) and Xuefeng Wu (Director Utility) of Fofeng Group at their first meeting in Argentina. They analyze the feasibility of installing a plant to transform corn into starch and other by -products. We exchange looks on production, technology and local marketing.”
