CMI Capital
- Energy: renewable electricity generation projects
- Multi-Proyectos: real estate developments
- Finance: area specialized in equipping the group with resources CMI Food
- B2B: businesses specialized in balanced food and basic gran transformation
CMI Food
- Livestock Industry: production and marketing of protein in Central America, such as poultry, pork, live chicken and processed meat.
- Consumer Foods: a B2C business of dry food, basically related to groceries, includes pasta, cookies and crackers, premixes and flours, sauces, oriental pasta, instant soups and food for pets.
- Central America Restaurants (RCA): responsible for the brands Pollo Campero, Pollo Granjero and Don Pollo.
- Pollo Campero USA (CUSA): is in charge of the Pollo Campero business in the United States.
- Strategic investments: responsible for PRONACA, a food leader in Ecuador, and Industrias Toledano, one of the two largest poultry companies in Panama.
SUSTAINABLE INVESTMENTS
The other arm of the company is CMI Capital, which includes the Energy Business Units (renewable electricity generation projects), Multi-Proyectos (real estate development) and Finance (specialized in providing resources to the group).
Over the years, this area of the company has become the largest private renewable generator in Central America, with an installed capacity of 861 MW (including the Dominican Republic). With this, the emission of more than 1 million tons of CO2 per year is avoided.
Today, this Business Group has operations in Guatemala (hydroelectric plant), El Salvador (solar plant), Honduras (wind and solar), Nicaragua (wind), Costa Rica (wind energy) and the Dominican Republic (solar). In Guatemala, Hidroeléctrica Renace consolidated a contribution of approximately 16% of the country’s electricity consumption, which has meant an investment of approximately 800 million dollars in 25 years.
“Today we will continue to grow geographically beyond the Central American and Caribbean region, where we see some markets with great appeal from the perspective of CMI Capital, in Central America, in places we are not yet at. And we also see very attractive growth and geographic expansion possibilities in the Andean region of South America”, describes Enrique Crespo, CEO of CMI Capital.
For example, there is potential in places where CMI Foods already operates, which would make entry easier. This is the case of the renewable energy sector in Panama.
In addition, there is interest in Ecuador, where there are opportunities to capture value in the clean energy sector, in which they already have a replicable and geographically-expandable model, both for organic development and for carrying out acquisitions.
This would mean a foray into the Andean region, where they could explore concrete opportunities in the next three or five years. They also find Colombia and Peru attractive.
Another site with potential for the company is the Dominican Republic, where it already acquired the solar plant in Mata de Palma.
“We believe that there is a lot to do there, before we start to consider other places in the Caribbean, which are perhaps a little smaller,” argues Crespo. Some destinations that have been already identified are Puerto Rico and Trinidad and Tobago.