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182:, where SanCor's administrative headquarters are located today. New plants, producing butter, cheese and dulce de leche, followed during the 1940s. In 1942, the cooperative opened its first factory in the same town. In 1943, they inaugurated the Brinkmann factory in the northeast of the Province of Córdoba, which was specially conditioned to create butter. That same year the production of
233:. Adecoagro had agreed to provide SanCor with $ 50 million as work capital plus $ 70 million to refinance its debt, receiving in exchange the control of 62.5% of the company. Upon concerns from the national government and others, SanCor initially denied it had received any other offers from national investors, but the Petersen Group, led by Argentine entrepreneurs Enrique Eskenazi,
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Venezuela, an autonomous financial agent of the
Venezuelan government. SanCor will not have to cease being a cooperative, as it would have happened with the alternative offers. The total loan will amount to $ 135 million, of which $ 80 million will be repaid with exports of powdered milk, while the other $ 55 million will be employed as work capital.
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visited
Argentina and proposed a salvage loan to SanCor, partly in order to pay its debt and partly to finance needed investment, in exchange for milk powder and technical advice. The formal agreement was signed on 11 December 2006 between SanCor and the Banco de Desarrollo Económico y Social de
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2004.9, SanCor
Cooperativas Unidas Limitada (SanCor) and Dairy Partners Americas Argentina S.A. (DPAA) created a joint venture (“Unión Transitoria de Empresas”) for the production, distribution and commercialization in Argentina of yogurt, fresh cheese (ricotta, petit suisse and cream cheese),
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The cooperative was founded on 17 September 1938 as an association of many cooperative producers in the central area of the country, and grew as its success attracted more members. Its first industrial plant (a butter factory) was opened in 1940, in
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After a long financial crisis, which forced the company to sell several plants and brands, and losing 3,200 employees, SanCor is now producing 10% of its 2015 output. It processes 500,000 liters (130,000 U.S. gal) of milk a month.
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SanCor and DPAA have equal shares in the UTE called “UNION SANCOR CUL / DPAA UNION TRANSITORIA DE EMPRESAS.” As part of the alliance, it was agreed that the UTE's production will be made in plants owned by SanCor and DPAA.
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During the 1990s, SanCor incurred a large debt to finance capital investment. In 1998, the crisis of the dairy market started causing difficulties for the cooperative, which became overwhelming after the
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in 2001. Near the end of 2006, the company was faced with the impossibility of paying up about $ 167 million. A letter of intent was signed by the firm
Adecoagro, partly owned by American financist
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127:). It holds one fifth of the total production in the country, and 90% of the Argentine exports of dairy products. It is a large
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and other
Argentine cities. In 1986, a daughter company, SanCor do Brasil Produtos Alimentícios Limitada, was founded in
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would begin. In 1940, its first butter factory began operating in
Sunchales and from then on it did not stop growing.
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made up many smaller ones, based on the
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Son 135 los millones de dólares que aportará Venezuela para el salvataje de Sancor
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309:"Con 10% de la producción que hace cinco años, la marca Sancor recupera ventas"
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287:"SanCor vendió a Vicentín Family Group su línea de yogures, flanes y postres"
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2009, SanCor purchases the assets of the union corporation by SanCor / DPAA.
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In 1994, SanCor became the first
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fermented milk, custards, deserts and fluid and flavored milks.
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Venezuela confirmó que el lunes firmará el crédito a Sancor
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Venezuela: firmaron el acuerdo marco entre Sancor y Bandes
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El grupo Soros firmó un acuerdo para comprar Sancor
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492:Food and drink companies established in 1938
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189:In 1953, SanCor opened a branch office in
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517:Argentine companies established in 1938
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497:Dairy products companies of Argentina
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326:Bordón, José E. (11 February 2019).
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17:SanCor Cooperativas Unidas Limitada
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307:Rollán, Alejandro (18 May 2020).
227:collapse of the Argentine economy
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391:Tres contra Soros por la SanCor
434:La Capital, 11 December 2006.
376:La Capital, 11 November 2006.
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389:Página/12, 26 November 2006.
447:Rosario3, 11 December 2006.
415:Rosario3, 9 December 2006.
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402:Reuters, 5 December 2006.
334:(in Spanish). Buenos Aires
502:Cooperatives in Argentina
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123:(along with competitor
315:(in Spanish). Córdoba.
214:negotiable instruments
115:is one of the leading
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220:2006 financial rescue
180:Sunchales, Santa Fe
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291:Ámbito Financiero
244:Soon afterwards,
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73:Headquarters
31:Company type
250:Hugo Chávez
235:Hugo Sigman
129:cooperative
35:Cooperative
486:Categories
363:2023-03-07
338:19 October
273:References
248:president
246:Venezuelan
105:sancor.com
65:1938-09-17
332:La Nación
203:São Paulo
121:Argentina
85:Argentina
77:Sunchales
452:Archived
420:Archived
354:"SanCor"
133:Santa Fe
91:Products
81:Santa Fe
41:Industry
173:History
156:cheeses
137:Córdoba
101:Website
63: (
55:Founded
313:La Voz
207:Brazil
160:butter
113:SanCor
152:cream
117:dairy
340:2019
237:and
144:milk
135:and
49:food
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