ANNOUNCED AS TEMPORARYNo
On 27 April 2017, the Brazilian Company of Innovation and Research (FINEP) announced the approval of BRL 60 million (circa USD 19 million) loan allocated to the local manufacturer of agricultural pesticides Ourofino Agrociência. The objective of these resources is the development of new formulations, improvement of existing products and constructions of a Dispersible Granules Plant.
The resources enclosed on the programs managed by FINEP are limited to Brazilian companies and seek to boost the national and international competitiveness of these businesses.
The interest rates set on the credit lines are composed of the long-term interest rate (TJLP) plus a supplement ranging between 1.5% and 7%, depending on the credit line and the repayment period.
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