With a Focus on the Growth Plan
On June 26, San Miguel duly met the payment of its Series IX Negotiable Obligation for US$53 million; the goal is to advance in consolidating its global leadership in lemon processing, says its CEO.
Manuel Suárez Altuna, La Nación, July 1, 2025
On June 26, San Miguel fulfilled, in a timely and proper manner, the payment of its Series IX Negotiable Obligation for 53 million dollars. This event symbolizes what we have been building: a solid, focused company committed to a long-term strategy.
Three years ago, we embarked on a profound transformation process. We decided to move away from the fresh fruit business and focus on what we do best: industrial lemon processing. We did this with a clear vision—to become the leading industrial lemon processor in the world. Today, we operate in three countries—Argentina, Uruguay, and South Africa—and we are moving decisively toward an ambitious goal: achieving a 20% share of the global market by 2027.
This transformation was not just an operational restructuring. It involved rethinking our business model, redefining priorities, and above all, committing to rigorous execution. And the results are already evident: our economic indicators show sustained improvement year after year. Far from being just talk, these are concrete figures that reflect the impact of decisions made as part of a project whose execution began years ago.
The business plan includes investments aimed at expanding production capacity in the three aforementioned locations. These initiatives already have long-term contracts signed with top-tier global clients, reaffirming the market’s trust in our value proposition. Moreover, we understand that in a country with a stable exchange rate, as in this economic model, it is essential to increasingly add value to our primary production. That is why we are committed to industrial development as a way to sustain competitiveness and generate a positive impact across the entire value chain.
Motivated by a more favorable Argentine economic context and the tangible results of our business plan, we have attracted interest from international investors. With a long-term vision, we are working on various financing alternatives with the goal of optimizing our capital structure. Our shareholders’ meeting has even approved the possibility of a capital increase.
Fulfilling our financial obligations, alongside the disciplined implementation of an ambitious business plan, allows us to continue consolidating our global leadership in lemon processing. In this new phase, as we celebrate 70 uninterrupted years of history, San Miguel reaffirms its commitment to sustainable value creation, the development of our operations in three countries, and a productive integration designed to grow, compete, and lead on the international stage.
The author is CEO of San Miguel.
