Productos Nevada S. de R.L.

Customer

Productos Nevada, established in 1992, is the market leader for UHT milk in Panama and also commercializes a range of dairy and non-dairy products. The company’s brands, “La Chiricana”, “Dos Pinos” and “Nevada,” hold a 60% market share at the local level. Strategically located in Panama’s main milk production area, Nevada operates as a 100% indirect subsidiary of Cooperativa de Productores de Leche Dos Pinos, Costa Rica.

Nevada’s business model involves purchasing milk from approximately 150 small farmers and producing high-quality milk and dairy products. National distribution is managed through Dicarina, a related distribution company with over 8,000 distribution points across Panama.

Funding Objective

The funds provided by DEG will be used to refinance existing liabilities as well as investments during 2024 and 2025. The aim of this facility is to stabilize and enhance Nevada’s financial situation. Furthermore, DEG will contribute to improve the environmental and climate standards to the high level already reached by Dos Pinos.

Reasons for financing

The project directly supports job and local income generation through purchases from approximately 150 small dairy farmers in Chiriquí and sustains more than 2,000 direct and indirect jobs within the distribution network. DEG’s involvement will facilitate the implementation of Dos Pinos’s high ESG standards at Productos Nevada, building on several Business Support Services (BSS) measures already implemented at the group level, with significant potential to develop further projects in Panama.

This investment aligns with DEG’s strategy of supporting SMEs in developing countries and contributes to DEG’s emission reduction pathways by promoting sustainable practices in the dairy industry.

Here you can find information on our new commitments at a glance. The information is published here once the contract has been signed with the customer and provided the customer has given consent. This works well: In the last two years we have published information on 90 percent of our commitments.