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LARGEST ARGENTINE CANDY MANUFACTURER SELECTS MIAMI FOR U.S./CARIBBEAN SALES AND DISTRIBUTION

 MIAMI, April 18 /PRNewswire/ -- Argentina's largest candy and food products manufacturing company, ARCOR S.A.I.C., has chosen Miami for its U.S./Caribbean sales and distribution headquarters. ARCOR's state-of- the-art, fully integrated manufacturing facility, is located in Argentina's Cordoba province. On the cutting edge of Argentina's new economic vision, ARCOR commands 65 percent of the Argentine consumer market and actively exports to all countries in Latin America, North America, Europe, Africa, the Middle East and Asia. ARCOR will operate in Miami under the name of Nutrex Corporation.
 "We chose Miami because this was the best location to base our distribution for Southern United States and, at the same time, have our marketing headquarters for Central America and the Caribbean in one location," said Hernan Lucero, President of Nutrex Corp. "Miami, being the main business partner of Central and South America, generates a tremendous array of opportunities for Latin companies. We have also found in Miami a modern, advanced and cost efficient service infrastructure," added Mr. Lucero.
 The Beacon Council, Dade's economic development organization, has assisted Nutrex Corp. with economic and business information, site selection, labor recruitment and business contacts.
 Miami's strategic location will provide access to the U.S. and Caribbean markets. They have leased 5,000 square feet of commercial space in Medley for distribution and sales. The company has hired 10 employees and will import the products from Argentina and use Miami as the central warehousing and distribution facility, which will generate approximately $5,000,000 a year in commercial activity.
 "Nutrex Corp.'s decision to base their operations in Miami further confirms how vital our position is for hemispheric business," said Sarah Deben, Business Development Manager/Latin America, The Beacon Council.
 -0- 4/18/94
 /CONTACT: Sarah Deben, Business Development Manager, Latin America, The Beacon Council, 305-536-8029/


CO: ARCOR S.A.I.C.; The Beacon Council ST: Florida IN: FOD SU:

RK-AW -- FL002 -- 7595 04/18/94 09:52 EDT
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Publication:PR Newswire
Date:Apr 18, 1994
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