In this framework, the Government is evaluating alternatives to raise the cooperative afloat, which also carries millions of debts between public organizations, suppliers and local and foreign investment funds, thus far exceeding US $ 120 million.
As revealed by Ámbito, the intention of the ruling party is not to deepen the scrapping of the company that went through perhaps its worst moment during the previous government when in just three years (from 2016 to 2019) it disposed of nine industrial plants. The primary objective in this new stage will be, first of all, to take care of the sources of work.
As revealed by sources linked to the “rescue” plan, the businessmen’s proposal has already been received by the members of the SanCor Board of Directors and is now under analysis. It is expected for the next new meetings between managers, rescuers and officials of the national government, in particular, the Ministry of Productive Development of Matías Kulfas.
The group of businessmen who aspire to control the company’s administration is made up of the lawyer Leandro Salvatierra, the dairy expert Jorge Estevez, the UIA leader José Urtubey, Marcelo Figueiras, from Laboratorio Richmond and manufacturer in the country of the vaccine Sputnik Vida, and Gustavo Scaglione, media entrepreneur, among others.
The entry of renowned entrepreneurs would be essential because the cooperative also needs to regain the trust not only of its creditors but also of dairy farmers to deliver raw milk. And that point is no less, because without an oiled link with its suppliers it will be difficult to process the ideal volume of 1.5 million liters of milk per day.
During the last contacts, the directors of SanCor and the businessmen agreed on the need to expedite the collection of US $ 18 million that Venezuela owes it for exports of powdered milk made years ago. The management would remain in the hands of the Chancellery.
Another key issue will also be the very feasible investments that will have to be made in its six production plants that have not received technical updates but only maintenance. One option is to set up a Guarantee Fund with the assistance of the State destined exclusively to the purchase of raw materials and supplies. The new administrators do not rule out resorting to the financial market to attract capital.
Source From: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
