Agrokasa Expansion

completed

_x000C_Sociedad Agricola Drokasa S.A. (Agrokasa or the company) was established in 1996. Agrokasa is a leading grower and exporter of asparagus and table grapes in Peru accounting for 16% of Peru’s fresh green asparagus exports and 29% of its table grape exports. The company makes use of Peru’s natural comparative advantages and focuses exclusively on premium export markets in the northern hemisphere. In November 2005, in an open bidding process, the company purchased the assets of Agro Guayabito en Liquidacion, an existing asparagus operation in Barranca and Supe, 200 km North of Lima . The project consists of the purchase, refurbishment and upgrading of these assets in order to not only increase asparagus production but to also produce avocados. The IFC Loan will support Agrokasa’s increase in revenues from asparagus exports and build on its nascent production of avocados, while continuing to diversify its markets.