STOCK TITAN

AgroFresh Opens New Global Innovation Center in Chile Expanding Worldwide Footprint

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

AgroFresh Solutions (Nasdaq: AGFS) has inaugurated a new global innovation center in Rancagua, Chile, focusing on enhancing produce quality and extending shelf life. This facility will support growers and retailers across Latin America with custom operational and technical services. Chile, a leading exporter of over 2.6 million tons of fruit annually, has a strong history of adopting innovative agricultural practices. The center will employ more than 40 scientists and is expected to reduce food waste and increase operational efficiency.

Positive
  • New global innovation center opened in Rancagua, Chile, enhancing operational support.
  • Facility staffed with over 40 scientists, focusing on post-harvest research and solutions.
  • The center aims to reduce food waste and improve produce quality across Latin America.
Negative
  • None.

New center leverages company’s research and development expertise along with state-of-the-art laboratories to create new technology hub in Latin America

PHILADELPHIA, June 07, 2022 (GLOBE NEWSWIRE) -- AgroFresh Solutions, Inc. ("AgroFresh" or the "Company") (Nasdaq: AGFS), a global AgTech innovator providing a range of solutions, digital technologies and services to enhance the quality and extend the shelf life of fresh produce, today announced the opening of a new global innovation center in Rancagua, Chile. The new center will be staffed by researchers and operations teams and will support growers, packers, shippers and retailers throughout Latin America with customized operational and technical support services and post-harvest solutions to help keep produce fresh longer, reduce food waste and conserve precious natural resources.

Chile exports more than 2.6 million tons of fruit annually to more than 100 countries making it one of the top exporters of produce and fruit in the world. The country is also at the forefront of adopting new technology and crop production practices, and was the first to successfully commercialize SmartFresh™, AgroFresh’s leading ethylene management solution, more than 20 years ago. The center will allow customers throughout the Latin American region to tap into the problem-solving expertise and capabilities of AgroFresh’s scientific and operational experts who are dedicated to helping them improve pathogen protection, maintain fruit and vegetable quality, extend shelf life and minimize post-harvest loss and waste.

Says Edgardo Castaneda, Vice President of Operations, “Operational and scientific excellence is the key to providing high-quality services for our customers and we’ll be better able to support the growing produce demand in the region. Additionally, with its new state of the art research and lab capabilities and increased capacity, the Rancagua innovation center will serve as a technical hub for the region and the globe.”

The global hub will also be home to some of the world’s foremost post-harvest research and development scientists. AgroFresh will use the innovation center to continue to develop its leading produce freshness product and digital solutions, such as Harvista™, ActiMist™, and FreshCloud™. In addition, the center will support the Control-Tec ECO application equipment which has helped cherry customers in Chile reduce water usage by up to 60% during the packing process.

Adds Narciso Vivot, Commercial Director, Latin America, “Serving our customers and working closely together to build customized solutions to help protect produce throughout the supply chain is our top priority. We are excited to leverage these new capabilities and increased capacity to enable us to provide support to more customers and a wider variety of crops well into the future.”

The Rancagua global innovation center is one of AgroFresh’s seven such centers on four continents in key fruit growing regions. More than 40 scientists work together across the globe with universities, customers, and research partners to analyze more than two million pieces of fruit each year. Key findings and learnings are then gathered and shared with key stakeholders around the world. AgroFresh scientists routinely interact with customers and work together to help improve product freshness, quality, and in the reduction of food waste to minimize the impact on the environment.

About AgroFresh 
AgroFresh (Nasdaq: AGFS) is an AgTech innovator and global leader with a mission to prevent food loss/waste and conserve the planet’s resources by providing a range of science-based solutions, data-driven digital technologies and high-touch customer services. AgroFresh supports growers, packers and retailers with solutions across the food supply chain to enhance the quality and extend the shelf life of fresh produce. The AgroFresh organization has 40 years of post-harvest experience across a broad range of crops, including revolutionizing the apple industry with the SmartFresh™ Quality System for more than 20 years. This is powered by a comprehensive portfolio that includes plant-based coatings, equipment and proprietary solutions that help improve the freshness supply chain from harvest to the home. To learn more about AgroFresh’s product freshness solutions visit www.agrofresh.com.

FOR MORE INFORMATION: 
AgroFresh Commercial Director, Latin America
Narciso Vivot
nvivot@agrofresh.com

Mary Roberts – Media Relations Contact
mroberts@buzzmonkeyspr.com


FAQ

What is the purpose of AgroFresh's new innovation center in Rancagua, Chile?

The innovation center aims to enhance produce quality, extend shelf life, and provide customized operational support to growers and retailers across Latin America.

How many scientists will work at AgroFresh's new center?

The Rancagua innovation center will host over 40 scientists dedicated to post-harvest research.

What is the significance of Chile in the context of AgroFresh's new center?

Chile is a top exporter of over 2.6 million tons of fruit annually, making it a strategic location for AgroFresh's innovation center.

How does AgroFresh’s innovation center contribute to reducing food waste?

The center will utilize advanced solutions to improve pathogen protection and minimize post-harvest losses, ultimately reducing food waste.

What technologies will be developed at AgroFresh's new innovation center?

The center will focus on developing produce freshness products and digital solutions like Harvista™, ActiMist™, and FreshCloud™.

AGFS

NASDAQ:AGFS

AGFS Rankings

AGFS Latest News

AGFS Stock Data

159.16M
51.55M
4.03%
74.89%
1.49%
Farm Products
Consumer Defensive
Link
United States
Philadelphia