The civil construction and technological installations of a modern jam factory have already started in the town of Caibarién province of Villa Clara, the result of an agreement between Cuba and Slovakia. The actions in the industry, located in this municipality 50 kilometers away from Santa Clara, capital of the Cuban province of Villa Clara, are in charge of foreign and Cuban experts. According to the schedule, the confectionery industry should start producing from the last quarter of 2020. The Slovak businessman Pavol Kozik, president of Proxenta, a firm that together with the national Corporación Alimentaria S.A. (Coralsa), undertake the work, told the press that the investment is planned for an amount of 40.9 million pesos. He added that this mixed company will be equipped with the most modern technology, which will allow the delivery of products for the Cuban market and for export. The industry, the most modern in the country of its kind, will be assembled within the area currently occupied by the current Caibarién Confectionery with more than 40 years of operation and most obsolete equipment for various productions. The director of the current Confitera Caibarién, Ángel Espinosa, explained that under the name of Proxcor S.A, the modern factory will have five production lines, in which the traditional sorbet will be maintained, now in different formats covered with fruit and dipped in chocolate. For his part, the director of the Center Delegation of the Chamber of Commerce of the Republic of Cuba, Mario Carbonell, highlighted the great importance of this agreement, since after passing Law 118 on Foreign Investment, in 2014, this is the First joint venture incorporated in the territory. The businessmen Pavol Kozik (Slovak) and Mario Carbonell (Cuban) agreed that the interest of both countries in the construction of this industry is a demonstration that the island is a safe place for investment despite what the Title differs III of the Helms-Burton Act.

The certainty that our country is an attractive and safe place for foreign investment, and of great potential, has been ratified with the constitution of the mixed company Proxcor S.A., the result of the merger between the Slovak group Proxenta and the Cuban corporation Corporación Alimentaria S.A. Coralsa, an association dedicated to the production of jams. The news is a new confirmation that neither genocidal blockades, nor laws such as Helms-Burton, will limit the confidence and commitment of the world business for Cuba. This agreement, which will be officially endorsed today, constitutes a good news for the Cuban market and another step in the recovery of the national food industry, which due to technological obsolescence and other limitations was forced to import thousands of tons of these products. Pavol Kozik, general director and owner of the Slovak company, explained that the planned investment amounting to 40.9 million pesos includes the installation of the most modern existing technology, which will allow the delivery of products for the Cuban market and to the export. He also said that when the technological reconversion is completed, the new factory to be built in Caibarién, Villa Clara, will have a production capacity of more than 12,000 tons per year, distributed in different assortments: regular and creamy sweet biscuits, sorbets, candies and sucks sucks in addition to breakfast cereals, under the Guaní and Toco brands. The president of Coralsa, Nelson Arias Moreno, explained the advantages of what was agreed for both parties, and pointed out that the investment process is planned to be carried out in the next five years, at different stages, in the first of which he will prepare cookies and sorbets; and then in 2023, the rest of the productions. To get an idea of the value and importance of the agreement reached, suffice it to say that, in the last five years, the country imported more than 41,500 tons of jams, and an annual average of about 8,400, which meant an expenditure of almost 157 , 8 million dollars.

A new edition of the most important commercial exchange of Cuba, the International Fair of Havana, FIHAV 2019 is approaching. To be held from November 4 to 8, at its usual headquarters, the Expocuba Fairgrounds, the meeting foresees a wide participation of the International business. Corporación Alimentaria S.A., CORALSA, will participate as traditionally, with the presence of a stand, located in the Central Pavilion. Promoting business opportunities for foreign investment, and holding exchanges with potential and habitual customers and suppliers, add to other important objectives that stand out on this occasion. Starting the Campaign for the celebration of its 25 years, and in line with the implementation of the Communication and Computerization Policies of Cuban society will take place, on Wednesday, November 6 at 11am, the presentation of the new site Corporation website. Updated, improved and interactive, located in the domain www.coralsa.cu, the site will be available to everyone, and will become an important support tool for CORALSA to achieve the fulfillment of its mission. All the information you require just a click away.