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September 2, 2022
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Mipyme producer of pork will be the first with foreign direct investment in Cuba

OnCubaNews

The private business Carne D’ Tres, focused on the production and marketing of pork, will be the first of its kind to be received in Cuba foreign investment directly, according to official media.

This enterprise born in the province of Ciego de Avilainitially as a local development project and later reconverted into a mipymewill be the “pilot project” chosen on the island to receive external financing, according to statements made to state television by Leonel Duarte, general director of the entity.

The injection of capital, according to the source, will allow this new form of business management to improve its breeding buildings, the development of animals that are now rejected by the state-owned pig genetics company, and thus increase its productive capacities.

At first, Carne D’Tres received the approval of the Avilanian government to promote the breeding, fattening and reproduction of animals with average genetics, but its managers identified greater opportunities with the conversion of the business and thus became one of the almost 5,000 MSMEs that have received the green light to operate almost a year after this process began in the country.

The aspiration of its directors is to market some 130 tons of pork and its derivatives this year, in order to exceed the 97 tons sold during 2021, according to the television report, which does not detail the amount of the future investment nor its origin.

To achieve this goal, the new MSMEs are moving towards production with their own animals. “We intend to slaughter and market them, taking into account clean production with the use of biogas and the liquid feed plant that will allow us, with mixed feeds, imported feed and alternative feeds, to obtain an efficient production system and collaborate with the production of meat in the municipality, in the province and in the country”, explained Duarte.

Among the immediate projections that would promote the expected investment would be the completion of a ship destined for the slaughter of animals, something that would speed up the production process and the conservation of meat.

“Once we finish the slaughterhouse and the packing plant, which is 40% of its construction phase, our production process will flow more easily and adequately,” added the director of the private MSME.

Until now Carne D’Tres markets its productions through sales platforms on-linebut the medium-term objective is to increase these channels when it achieves an efficient production cycle that allows a greater volume of preparations, the source specified.

The news of the beginning of this type of investment comes just two weeks after the Cuban government announced the opening of wholesale and retail trade to foreign investors.

Cuba allows foreign investment in wholesale and retail trade

On August 15, the First Deputy Minister of Foreign Trade and Foreign Investment, Ana Teresita González Fraga, reported the decision to promote this option, prioritizing businesses focused primarily on the sale of raw materials, supplies, equipment and other goods that can help boost the development of national production.

According to the official, this announcement is part of a package of flexibility measures aimed at boosting the economy, affected by a severe crisis that has exacerbated the impact of the COVID-19 pandemic, the tightening of the US embargo and the ineffectiveness of other actions directed by the Cuban government to get out of the difficult situation.

Currently, Cuba imports most of the food consumed in the country, and in the midst of a serious economic crisis, the lack of supply of products has been the main driver of an inflationary spiral that has not stopped growing, and that generates considerable discontent. among the inhabitants of the island.

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