Leading Peru’s export of agricultural crops

Danper is a Danish-Peruvian joint venture, which over the past 25 years has evolved to become one of Peru's largest exporters of fruits and vegetables.

Danper produces asparagus, artichokes, peppers, grapes and avocados for export. The company was established in 1991 as a joint venture between Danish and Peruvian shareholders and has continuously expanded its business. Today it is one of the three largest agricultural companies in Peru.

The production is partly based on Danper’s own production and partly on vegetable deliveries from around 240 local farmers. The crops are produced on more than 5,000 hectares of land - much of which is former desert. The products are exported either fresh, frozen or canned.

The company started with about 80 employees, but today it employs almost 8,000 people. Most of the production is exported and consequently it also contributes to Peru’s foreign exchange earnings.

- It was a difficult start, but gradually we got a really good grip on the marked and we now have a very well-run company which continues to expand, says Arne Berg, chairman of Danper.

Expansion with new crops

Danper’s first production area was located near Trujillo, 550 km north of Lima in one of the less developed rural areas of northern Peru. In recent years, the company has expanded its production both in the southern and northern part of Peru. In 2011, the company began the cultivation of just under 200 hectares with grapes and avocado in the Chepen area about 200 km north of Trujillo. Additionally, in 2012 a new project with grapes, blueberries and asparagus was established in Olmos – a 1,000 hectare desert area about 400 km north of Trujillo.

As previously experienced, the challenges in this area are the establishment of infrastructure and irrigation. In this case, the Peruvian authorities have established irrigation canals of several kilometres and tunnels that can transport inland and melting water from the eastern side of the Andes out to the fields.

Focus on CSR

Danper has a high focus on CSR. The company continuously educates its employees, works strategically to ensure a healthy and safe working environment and contributes to the development of local communities with water, electricity and health programs. In 2011, Danper won IFU's CSR award and in recent years the company has won various awards both nationally and internationally for good and responsible corporate governance. In Peru, the company is also touted as an example of good corporate governance.

IFU has provided risk capital

IFU first invested with Danper in 1991. Since then, IFU has contributed with share capital and loans to several of the extensions. IFU has also provided share capital via IFU Investment Partners, which is funded by the two Danish pension funds PKA and PBU.

- IFU is an important partner that has contributed with knowledge and risk capital, says Arne Berg.

Contact person
Niels Evendt

Niels Evendt

Investment Director
Tel.: +45 33 63 75 52
Mob.: +45 22 68 75 52
ne@ifu.dk