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PALMAR - BANANA EXPORTER IN 2007

2007 became yet another year during which the main attention of Principals and top managers of CORPORACION PALMAR was concentrated to two basic directions: construction of a perfect internal structure and the further development of an agricultural and industrial base of the Company.

According to public data by ECUADORIAN ASSOCIATION OF BANANA EXPORTERS (A.E.B.E.), the total volume of bananas exported in 2007 by means of two basic export structures of the CORPORACION PALMAR – CIPAL S.A. and PRETTY LIZA FRUIT S.A, have made about 14,081 thousand boxes.

As before, CORPORACION PALMAR confidently takes its place among the six largest banana producing and exporting companies of ECUADOR, which practically means – OF THE WORLD.

We are proud to keep our legal place in the row of the most recognized leaders of world banana export - companies NOBOA, DOLE, REYBANPACK, KIMTECH and BONANZA FRUIT.

All export volume of CORPORACION PALMAR was divided in equal shares between three basic export directio ns:

1. THE MEDITERRANEAN 5,175 thousand boxes 37 %

2. EUROPEAN ECONOMIC COMMUNITY 4,679 thousand boxes 33 %

3. RUSSIAN FEDERATION 4,227 thousand boxes 30 %

Such distribution in volumes can be considered as the most rational in sense of stability of trade and decrease in commercial risks.

CORPORACION PALMAR is a unique independent Ecuadorian banana exporter, which since 2001 was selling more than 4.5 million boxes of bananas a year in the markets of the European Union.

It is important to note that PALMAR was the largest independent supplier to Europe during the period of the licenses regime, and remains the same after 2005, under the conditions of the free European banana market.

In 2007 the CORPORATION has incorporated a permanent COMMERCIAL REPRESENTATION in France, in order to encourage development of PALMAR’s commercial presence in the Western Europe.

Both commercial structures of PALMAR – CIPAL and PRETTY LIZA FRUIT and their branches in the various countries - provide permanent jobs to about 120 employees.

KODAK MOMENT

	DON EUCLIDES PALACIOS, FONDATOR AND PRESIDENT OF BOARD OF CORPORACION PALMAR AND MRS. JENNY MARQUEZ DE PALACIOS

OUR BILLBOARD

	EC.JORGE PALACIOS MARQUES, DON EUCLIDES PALACIOS, MR. GRIGORY NIKOLAEV, ING. DARWIN PALACIOS MARQUEZ.

MISCELANEOUS

	ING. DANILO PALACIOS MARQUEZ, GENERAL MANAGER OF CIPAL S.A. AND ING. EDUARDO ERMINIO PALACIOS, GERENTE GENERAL DE LA EXPORTADORA PRETTY LIZA FRUIT S.A.

EVENTS & COMMENTS

BANANA BUSINESS & POLITICS

events & comments

INDUSTRIA CARTONERA PALACIOS S.A. – ONE OF THE MOST ADVANCED AND SOFISTICATED CORRUGATED PLANTS IN THE WHOLE SOUTH AMERICA.

We must consider it a serious success for PALMAR in 2007 to get through a full scale project involving a CORRUGATING AND CARDBOARD FACTORY owned by PALMAR – INCARPALM S.A.

The success of this project became possible thanks to the strategic alliance with American pulp-and-paper corporation BARNET INC, which has taken up long-term obligations on supply of whole volume of craft liner and other raw materials and also on granting a complete service of technical management of the new enterprise.

Today the INCARPALM S.A. operates with its full designed production capacity letting out up to 1,500 thousand cardboard boxes a week.

Among the clients of INCARPALM, are practically all of the leading exporters of agricultural production in Ecuador. The Enterprise is making boxes of various types, which are used not only for bananas and fresh fruit packaging, but also for packing fresh flowers, frozen fish and shrimps, a variety of canned food and many other kinds of food production requiring cardboard packaging.

In several experts’ opinion, the INCARPALM cardboard production, which is equipped by corrugating machines made in GERMANY by the world leader in the area – company BHV-, is the most modern and the most productive not only in Ecuador, but also in all Latin America.

INCARPALM S.A. provides constant employment for about 70 workers and employees.

Further details about INCARPALM can be found on the company site, www.incarpalm.com

banana business

CIAEGPA S.A. - THE DIAMOND IN THE CORPORATION’S CROWN

As for the development of banana growing facilities, 2007 was a year of several new acquisitions for PALMAR. These were several small proprieties in EL ORO and also three new relatively large plantations:

1. AGRICOLA San Sebastian – with 130 ha and two packing stations;

2. AGRICOLA JOSE MIGUEL 2 - with 50 ha and one packing station;

3. AGRICOLA DANILO EUCLIDES 2 – with 70 ha and one packing station;

It is especially important to note, that all the specified plantations have been completely converted and replanted with a new Cavendish variety - WILLIAMS MERISTEMO, which is much more productive in comparison to traditional varieties.

Since week 12 of 2008, the new plantations have started to produce the fruit getting gradually their full operational capacity.

Under good weather conditions and thanks to the newest agro-industrial technologies implemented on these three plantations, they should additionally produce about 15 thousand boxes of bananas a week.

Nowadays, the total area of own PALMAR’S production in EL ORO province reaches 1,800 hectares, which allows to cut up to 85,000 boxes of bananas a week during a high season. Presently the CIAEGPA is one of the largest and most effective banana growers in Ecuador.

Development of its production is the main strategy of CORPORATION PALMAR for the coming years.

CIAEGPA provides constant employment in Ecuador for more than 2,500 workers and employees.

NEW ARGENTINEAN DECIDEOUS EXPORT STATISTICS 2006 BELOW!

boxes

NEW FUMIPALMA'S AIR TERMINAL IN NARANJAL IS OPENED

The third Palmar's fumigation terminal was inaugarated in Naranjal - Puerto Inca area. The terminal is able to supply the basic technical service for six fumigation planes.
The operation in new terminal will guarantee the full fumigation service for more than 9,000 hectares of banana plantations of the area.
The strategical position of the terminal just in the middle of the road from guayaquil to machala will allow the fumigation operations in south guayas, triumfo and naranjal banana growing areas.
This is first palmar's facility in guayas province.

	ALL THAT VESSELS
	For all professionals and amateurs of banana business who are interested to get all kind of information about Palmar's shipments from all origins to all destinations- PLEASE CLICK HERE. You can also find a weekly renewed information related all banana vessels loaded in Ecuador for all destinations in past weeks. Please click ALL ECUADOR at main menu.

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