Spanish pork producer Grupo Costa plans to invest $300 million in Paraguay, marking the company’s first major expansion outside Spain, according to comments made Thursday by Paraguayan President Santiago Peña.
The investment is expected to support Paraguay’s goal of meeting an annual demand of 1 million pigs, with significant implications for producers in the country’s key agricultural regions.
“This confirms that Paraguay is prepared to receive offers from all over the world, because investors trust in the serious and predictable Paraguay that we are building,” Peña said in a social media statement.
He added that the move serves as a “clear signal” for pork and livestock producers in Itapúa and across the country to increase production capacity as Paraguay positions itself as a more competitive protein supplier in South America.
Grupo Costa, one of Spain’s largest integrated pork companies, has been expanding rapidly in recent years through acquisitions and modernization of its production systems. The Paraguay investment marks the company’s shift toward international growth, aligning with broader European industry trends as major pork groups explore new markets.
Details on the construction timeline, processing infrastructure, or local producer partnerships have not yet been released.
