Chiquita Reaches Strategic African Sourcing Agreements With ESCOM and Matanuska Africa Limited
U.S. Newswire, March, 2008
To: BUSINESS EDITORS
Contact: Ed Loyd of Chiquita Brands International, Inc., 1-513- 784-8935, eloyd@chiquita.com
CINCINNATI, March 4 /PRNewswire-FirstCall/ -- Chiquita Brands International, Inc. (NYSE: CQB) today announced long-term strategic associations in Africa for the export of bananas to the company's core European markets from Angola with ESCOM, a member of Grupo Espirito Santo, and from Mozambique with Matanuska Africa Limited. With commercial exports expected to start in 2010, each project is expected to create approximately 3,000 direct jobs.
These projects in Angola and Mozambique allow the company to further strengthen the diversity of its geographic sourcing portfolio, and to provide, upon project completion, an expected 20 to 30 percent of the...
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