The Brazilian Development Bank (BNDES) recently announced that it has approved financing of R$14.8 million for modernizing and expanding the production unit of Multitécnica Industrial Ltda. The project will increase the supply of inputs manufactured in for fertilizers and animal feed.
Based in Sete Lagoas, Minas Gerais, Multitécnica produces simple and complex mineral fertilizers for agriculture, additives and ingredients for animal nutrition, and inorganic products for use in industrial activities. The total investment of the project will be R$19.6 million and will be used to expand the company’s total magnesium sulfate production to 74,400 mt in 2022.
In 2019, the company produced 45,500 mt of the mineral used as fertilizer and additive for animal feed. The project will also expand the manganese production line, the company’s product input intended for export.
During the implementation phase, 100 new jobs will be generated, and after the completion of the project, 35 new direct jobs.
Multitécnica, in business since 1993, has also been exporting product for more than 15 years, mainly marketing manganese oxide (animal nutrition) and manganese dioxide (water treatment), with emphasis on European Union clients.