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Agriculture
One of the core objectives of the company is to in-
crease its productivity, both in terms of agricultural
and industrial indicators, by means of implementing
the latest technology and measures to ensure con-
tinuous improvement.
Azucarera Valdez exports some of its value-added
products, such as light sugar, brown sugar in blocks
and granulated sugar, to Latin markets and USA and
is looking for opportunities of further international
expansion.
CONSERVAS ISABEL ECUATORIANA (Conser-
vas Garavilla)
Eng. Carlos Calero
General Manager
Zona Industrial Los Esteros
P.O. Box 4863, Manta
Tel. +593 5 621 120
Fax. +593 5 625 651
Area of activity: Tuna exportation
Date of creation: 1976
Annual turnover: $119 million USD
Conservas Isabel Ecuatoriana S.A. was founded in
1976. It is located in Manta, the leading tuna fishing
port in the Western Pacific.
Conservas Isabel Ecuatoriana cannery was com-
pletely refurbished in September 2001, and is now
the most modern tuna processing plant in Ecuador,
Asparagus
with a daily production capacity of 12,000 cans.
Right from the start, Conservas Isabel Ecuatoriana
focused its activities on exports and currently ships
its products to more than 30 countries, mainly in
America and Europe.
Conservas Garavilla is a success story, the result
of a collective effort made by hundreds of men and
women who, over the course of more than a century,
have committed themselves to principles of doing
the job thoroughly and therefore providing quality.
They stick to their traditions and are proud of what
they have achieved in what can be a difficult sector.
Conservas Garavilla is the result of the foresight and
tenacity of a family with close ties to the sea. It is a
success story of overcoming adversity and having
a confident and ambitious business strategy for the
future.
Experience and tradition, customer service, reliabil-
ity, adaptability, expertise and export orientation are
some of the characteristics that define Garavilla and
Isabel preserves. The company is present in ma-
jor international markets: Spain, Morocco, France,
UK, Italy, Central and Eastern Europe, Greece,
Denmark, Netherlands, Finland, Central and South
America (Ecuador and Colombia as central in the
Americas) and is constantly looking for further op-
portunities for international expansion.
FAVORITA FRUIT COMPANY (Grupo Wong)
Vicente Wong
President
R.G. Hodge Plaza, 2nd floor, P.O.Box.915
Road Town, Tortota, British Virgin Island
www.favoritafruitcompany.com
Area of activity: Production and exportation of tropi-
cal foods
Annual turnover: $160 million USD
Favorita Fruit Company Ltd., was the result of a
merger between the Wong Group, the Common-
wealth Development Corporation (CDC) and the In-
ternational Finance Corporation (IFC). CDC and IFC
are shareholders of all the companies of the Wong
Group, except those dedicated to cattle ranching
and forestry.
On 31 December 2003, Favorita Fruit Company had
a net worth of $153,468,000 USD of which CDC
owned 10% in Series “B” ordinary stock. The IFC,
a World Bank member company, owned a 4.17%
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