Page 25 - Minerva Foods | Annual Report 2017
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growth, all the while Uruguayan shipments to Japan are on the cusp of being approved. Co- lombia possesses excellent genetic breed mate- rial and offers the possibility for efficient land use in livestock production.
This is a unique time for South America, and Minerva has been ready for it. In 2017, thanks to the continuous development of its strategy throughout the years, it was poised to seize the opportunity to acquire the JBS units in Mer- cosul, thus entering into Argentina. This op- eration was done with consistency, focus, and discipline. By the end of the year, it entered its second stage of gaining value. The challenge for 2018 is to finalize the operational integration phase in all units following the business culture, created by the Company, all the while respect- ing and adapting to the peculiarities of each country. The work of integration is being com- pleted using the following three aspects: under-
standing the characteristics and the potential of its operations; identifying aspects considered to be high priority under the auspices of acquisi- tions; and making use of benchmarks, with an interchanging of best practices for effective in- tegration, allowing all units to incorporate not just the fundamental aspects, such as internal models and the pillars of risk management, lo- gistics and distribution, but to also learn from the experiences of other countries.
Integration will consolidate Minerva’s flexibility to operate in different geographic locations, in order to avoid market restrictions imposed in other regions. Arbitration allows for the genera- tion of value that involves the seasonality of the variations and conditions within each market. This competitive advantage also favors earing value through synergies that will enable the Company to achieve its major objective for the coming year: deleveraging and cash flow.
  This is a unique time
for South America, and Minerva has been ready for it
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