Agrifoods
| Type | Public company |
|---|---|
| Industry | Food processing, Agriculture, Biotechnology |
| Founded | 1698 AN in Santiago, Santander |
| Founder(s) | Martin Velazquez Cordoba |
| Headquarters |
 Nouvelle Alexandrie |
| Number of locations | 74 facilities |
| Area served |
Nouvelle Alexandrie, Raspur Pact,global export markets |
| Key people |
Rodrigo Velazquez-Montoya (Chairman) Elena Fuentes Castillo (CEO) Dr. Tomas Herrera (Chief Science Officer) |
| Products |
Animal feed Consumer foods Beverages Bioengineered crops Coffee Cocoa Tea Vanilla |
| Revenue | ▲ NAX 8.74 billion (1749 AN) |
| Operating income | ▲ NAX 1.12 billion (1749 AN) |
| Net income | ▲ NAX 847 million (1749 AN) |
| Total assets | NAX 14.6 billion (1749 AN) |
| Employees | 48,200 (1749 AN) |
| Divisions |
Agrifoods Animal Nutrition Agrifoods Consumer Products Agrifoods BioScience Agrifoods Tropical Plantations |
Agrifoods Corporation is a New Alexandrian multinational food processing and agricultural biotechnology corporation headquartered in Santiago, Santander. The company operates 74 production facilities across all twelve Regions of Nouvelle Alexandrie and exports to markets throughout the Raspur Pact. Agrifoods is publicly traded on the Cardenas Stock Exchange and is a constituent of the NAX-50 index. The founding Velazquez family retains a 31 percent controlling stake.
History
Martin Velazquez Cordoba established a flour and feed mill in Santiago in 1698 AN during the early settlement of Santander. The original mill processed grains from nearby farms into animal feed for the Region's livestock industry. By 1720 AN, Agrifoods operated seven mills across Santander and the Wechua Nation. The company entered the consumer food market in 1724 AN with the acquisition of a bread and biscuit manufacturer in Potosi.
The firm incorporated in 1726 AN and listed on the Cardenas Stock Exchange in 1732 AN. Throughout the mid-18th century, Agrifoods absorbed regional food processors, plantation operators, and agricultural technology firms to build a vertically integrated enterprise spanning the food supply chain from seed development to retail distribution.
Operations
Animal nutrition
The Animal Nutrition division operates 23 feed mills across Santander, the Wechua Nation, Alduria, and New Caputia, producing approximately 4.8 million tonnes of animal feed annually. Product lines include formulations for poultry, swine, ruminants, equines, aquaculture species, and specialty animals. The division maintains long-term supply contracts with Ganaderos Unidos, Haciendas Reunidas de Alduria, and the Cooperativa Agricola del Keltia. Feed additives and nutritional supplements are marketed under the NutriMax brand.
| Year | Poultry feed | Swine feed | Ruminant feed | Aquaculture feed | Other | Total |
|---|---|---|---|---|---|---|
| 1740 AN | 1,420 | 890 | 1,180 | 312 | 198 | 4,000 |
| 1741 AN | 1,480 | 924 | 1,228 | 334 | 206 | 4,172 |
| 1742 AN | 1,542 | 962 | 1,276 | 358 | 214 | 4,352 |
| 1743 AN | 1,608 | 998 | 1,328 | 384 | 224 | 4,542 |
| 1744 AN | 1,672 | 1,038 | 1,382 | 412 | 232 | 4,736 |
| 1745 AN | 1,612 | 1,002 | 1,334 | 398 | 226 | 4,572 |
| 1746 AN | 1,684 | 1,048 | 1,394 | 428 | 238 | 4,792 |
| 1747 AN | 1,742 | 1,086 | 1,442 | 456 | 248 | 4,974 |
| 1748 AN | 1,798 | 1,124 | 1,492 | 486 | 258 | 5,158 |
| 1749 AN | 1,856 | 1,164 | 1,544 | 518 | 268 | 5,350 |
| 10-year growth rate | +33.8% | |||||
Consumer products
The Consumer Products division operates 18 processing facilities producing breakfast cereals, baked goods, pasta, cooking oils, snack foods, frozen meals, and beverages.
Major brands include:
- Hogar (breakfast cereals and baked goods);
- Sabor del Sur (cooking oils and condiments);
- Mesa Familiar (frozen and prepared meals);
- Naturaleza Pura (organic foods).
The division holds approximately 14 percent of the Federation's packaged foods market and exports to 22 countries.
BioScience
The BioScience division conducts research in agricultural biotechnology at the Velazquez Research Campus in Santiago, a 240-hectare facility housing laboratories, greenhouses, and pilot production plants. Research focuses on drought-resistant grain varieties, pest-resistant vegetable cultivars, and high-yield oilseed crops. The division has developed 47 patented crop varieties in commercial production, including the SantaGrano wheat line that yields 28 percent more than conventional cultivars under water-stressed conditions.
In 1742 AN, the division established a cellular agriculture program exploring animal protein production through precision fermentation. Commercial-scale dairy protein production is expected by 1752 AN. Seeds and agricultural inputs are marketed through the subsidiary BioSemillas NAX.
Tropical plantations
The Tropical Plantations division cultivates coffee, cocoa, tea, and vanilla through two subsidiaries: Cafes y Cacaos de Keltia (operations in Boriquen, Santander, and New Caputia) and Tes Imperiales de Lyrica (operations in North Lyrica and South Lyrica). Combined plantation holdings total approximately 86,000 hectares.
Coffee production is concentrated in the highland regions of Boriquen, where the company cultivates arabica and robusta varieties across 34,000 hectares. Annual production reaches approximately 142,000 tonnes of green coffee. Premium coffees are marketed under the Montana Dorada brand, while blended coffees carry the Cafe del Dia label.
Cocoa operations in New Caputia and the Santander encompass 28,000 hectares producing approximately 67,000 tonnes of cocoa beans annually. Two processing facilities produce cocoa butter, cocoa powder, and chocolate couverture.
Tea cultivation in North Lyrica and South Lyrica covers 18,000 hectares producing approximately 41,000 tonnes annually. Varieties include black, green, and oolong teas, with specialty white and pu-erh teas in limited quantities. The Niebla de Lyrica brand commands premium prices in domestic and export markets.
Vanilla production spans 2,400 hectares in Boroquen and Islas de la Libertad, yielding 890 tonnes of cured vanilla beans annually. This makes Agrifoods the largest vanilla producer in Keltia. The hand-pollination and curing process requires over 6,000 seasonal workers during harvest periods.
| Year | Coffee | Cocoa | Tea | Vanilla | Total value (NAX millions) |
|---|---|---|---|---|---|
| 1740 AN | 98,400 | 46,200 | 28,600 | 612 | 1,124 |
| 1741 AN | 102,800 | 48,400 | 29,800 | 638 | 1,186 |
| 1742 AN | 108,200 | 51,200 | 31,400 | 668 | 1,264 |
| 1743 AN | 114,600 | 54,100 | 33,200 | 702 | 1,348 |
| 1744 AN | 120,400 | 57,200 | 35,100 | 738 | 1,442 |
| 1745 AN | 126,800 | 60,400 | 37,200 | 778 | 1,546 |
| 1746 AN | 132,400 | 63,100 | 38,800 | 812 | 1,642 |
| 1747 AN | 136,200 | 65,200 | 40,100 | 848 | 1,724 |
| 1748 AN | 140,600 | 66,800 | 40,800 | 872 | 1,798 |
| 1749 AN | 142,400 | 67,400 | 41,200 | 890 | 1,856 |
| 10-year growth rate | +65.1% | ||||
Market position
Agrifoods commands approximately 28 percent of the domestic animal feed market, making it the largest producer ahead of Alimentos Balanceados NAX and regional cooperatives. In consumer packaged foods, the company ranks third nationally with 14 percent market share, behind Industrias Alimentarias Federales and Productos del Hogar. The company produces approximately 16 percent of the Federation's coffee, 24 percent of its cocoa, and 31 percent of its tea.
Exports contribute approximately 34 percent of total revenue. Natopia is the largest single export market at NAX 1.2 billion annually, followed by Constancia (NAX 680 million) and Shireroth (NAX 420 million). The company maintains distribution partnerships in 38 countries and operates sales offices in Lindstrom, Vey, and Shirekeep.
Sustainability
Agrifoods sources approximately 78 percent of its grain inputs from suppliers certified under the Sustainable Agriculture Initiative, with a target of 100 percent by 1755 AN. Plantation operations have implemented shade-grown cultivation systems, with 62 percent of coffee and 48 percent of cocoa production certified under the Bosque Protegido program.
The company has invested NAX 340 million in water treatment infrastructure, reducing freshwater consumption by 34 percent since 1740 AN. Waste-to-energy systems at 12 facilities convert organic byproducts into biogas, supplying 18 percent of company energy requirements. Carbon emissions have declined 22 percent per tonne of product since 1740 AN.
Labor practices in plantation operations have drawn scrutiny from worker advocacy groups regarding seasonal labor conditions. In 1746 AN, Agrifoods implemented a Fair Harvest program establishing minimum wage guarantees, housing standards, and healthcare access for seasonal workers.
