COFFEE WORLD ■ 7
C&CI
FINLAND
LATIN AMERICA
March 2010
Paulig to acquire
Output falls 28 per cent
Oy Vendor Group
Combined coffee production in nine Latin American countries fell 28.2 per cent in the first four
months of the 2009-2010 growing season, according to the National Coffee Association of
Gustav Paulig Ltd in Finland has Guatemala (ANACAFE).
announced that it is intensifying its col- In the period October to January, Colombia, Costa Rica, El Salvador, Guatemala, Honduras,
laboration with Oy Vendor Group AB, Nicaragua, Mexico, Peru and the Dominican Republic exported a combined 5.6 million bags of
which specializes in the provision of coffee compared to 7.8 million the same time last year, Anacafe said in a statement.
coffee machines and office coffee serv- According to a report by AFP, only three nations in the group saw an increase in coffee
ices, and is acquiring a 51 per cent production: Honduras (with a 47.5 per cent increase), Guatemala (18.1 per cent) and Mexico
shareholding in Vendor Group, which (16.1 per cent).
will then become a Paulig Group The other six producers posted reduced output, including the Dominican Republic (-35.9
company. percent), Colombia (-33.6 percent), Peru (-26.9 percent), Costa Rica (-26.8 percent), El Salvador
Vendor Group's Managing Director (-5.0 percent) and Nicaragua (-4.3 percent), the association said.
Erik Wiljanen will retain a 49 sharehold-
ing in the company and will continue in
his post. Paulig's office coffee services
and coffee equipment business will be
transferred to Vendor Group.
Paulig described Vendor Group as
the leading company of its type in
Finland and said it plans to achieve a
similar position in Estonia.
Implementing the transaction will
require the approval of the Estonian
competition authorities.
ANACAFE says production
in many Latin American
Paulig said the merger will also pro- countries fell in the first four
vide opportunities in other Baltic coun-
months of the 2009-2010
season
tries and the Nordic region as a whole.
In all, the Vendor Group will have rough-
ly 180 employees and net sales of
about 20 million Euros.
JAMAICA
Brauner
Weather-risk insurance could
International
protect coffee industry
Corporation
Jamaica is working with the World Bank to
develop a weather insurance programme to
Customs Brokers and International Freight Forwarders
protect coffee producers such as Blue
Mountain Coffee.
Servicing Importers and Exporters since 1931
The aim of the study is to produce a
risk-modelling programme to assess the
potential effects of tropical storms and
Specialists in Logistics for the Coffee and Cocoa Trades
design a plan for payouts to insured
66 York St, Suite 100,
farmers.
Jersey City, N.J. 07302, USA
However, Jamaica’s Agriculture Minister Tel: + 1 201 333 5400
Christopher Tufton said that he is struggling
Fax: + 1 201 333 4030
to attract reinsurers because the island is
mbrauner@braunerintl.com
Website: www.braunerintl.com
considered "risky."
Jamaica's coffee industry lost US$51
Miami office
million in revenues from 2004 to 2007
Tel: + 305 477 8097
wbmia@braunerintl.com
because of adverse weather.
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