Promafa expands plant in Palmital to produce sweet potato tapioca

With the support provided by Investe SP, company invests R$ 15 million in the purchase of machines for the production of starches and flour, increasing the revenue from these products fivefold

Promafa, a company focused on derivatives of cassava and waxy maize, expanded its operations in Palmital (SP) to start producing sweet potato-based products as well.The project, assisted by Investe São Paulo, the investment promotion agency of the state government, involved a R$ 15 million investment and the creation of 40 jobs.

The new machines will allow the preparation of starches, flours and, especially, tapioca made from sweet potato, which has become increasingly popular for its nutritional properties.“The new brand Yuk BR will be aimed at an audience that seeks healthy, high quality food,” says Sebastião Silvio, Managing Partner of Promafa, noting that all products made by the company are gluten-free.

The new items should start being produced and sold in July, in supermarkets, natural products stores, grocery stores and food emporiums across the Southeast, South and Midwest of Brazil.Depending on the market acceptance, there should even be a new expansion in the future.

“The food and beverage industry in the state of São Paulo has become more and more diversified in recent years, and we have been looking for healthier and more sustainable products.Promafa follows this trend, bringing innovation and technological progress from genuinely Brazilian ingredients,” says the director of Investe São Paulo, Sérgio Costa.

Investe SP has been assisting Promafa by providing strategic information related to tax incentives and in important relationships for the regulation of the plant in Palmital.

About Promafa

Founded in 1969, in Palmital, Promafa produces cassava derivatives such as:starch, manioc flour, manioc starch, sour starch and hydrated tapioca.In 2017, it was acquired by Biofaz Agroscience & Biotechnology, a Brazilian biotechnology company focused on the supply of superior and accessible renewable products for various companies, such as food, mining, agriculture, biodegradable plastics and other companies.The intention was to create a new cluster of starches, byproducts and other products that could offer sustainable solutions from sweet potatoes, manioc and waxy maize.

About Investe

Investe São Paulo - São Paulo’s Agency for the Promotion of Investments and Competitiveness is the gateway for companies that intend to settle their operations in the state or expand their businesses. 

The agency provides strategic information free of charge, helping investors find the best locations for their businesses, providing environmental, tax and infrastructure advice, facilitating the relationship of companies with government institutions and public utilities.All this with the purpose of promoting economic development and innovation in São Paulo.

Another important mission of Investe SP is to encourage exports from small and medium enterprises, also for free.The Agency is also responsible for prospecting new businesses for the state around the world, welcoming foreign delegations and promoting the image of São Paulo in Brazil and abroad as the main destination of companies in Latin America.

For more information and news, please visit the website of Investe SP and its profiles on Linkedin, Facebook and Twitter

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