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sustainable solutions. AAK is in the best position to serve the
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For AAK Colombia, 2017 was as a year of expansion.
Our position in the Colombian market has achieved a
strong relevance in the industrial segment, resulting in
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channel continues to grow and represents a solid pillar in
our go-to-market strategy. AAK Colombia is now viewed as
one of the best and most innovative suppliers of oils and fats
solutions to the Colombian market. The team has done a
remarkable job in developing customer-centric and co-developed
solutions. Despite the challenging market conditions
in Colombia, our customer base keeps increasing and we
hold a very strong innovation pipeline which is laying the
foundation for success as a speciality supplier in the country.
AAK is committed to the Colombian market and we continuously
invest in new technologies that will bring value-adding
solutions to the market.
South Latin America
Our new speciality and semi-speciality factory in Jundiaí,
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progressing as expected. AAK is already recognized as the
best value-adding vegetable oils and fats solutions provider
in the region. This is based on our strong go-to-market and
co-development approach and our close collaboration with
customers, driven by the intensive use of our Customer
Innovation Center in which we develop solutions together
and enhance customer knowledge through AAK Academies.
We have successfully extended our coverage into new
categories, gaining market shares and delivering organic
growth within Bakery, Dairy, and Special Nutrition (primarily
Infant Nutrition). We have also started to build capabilities to
further develop our Personal Care business in Brazil.
We have furthermore invested in new product development
and pilot plant capabilities at our site in Montevideo,
Uruguay, which will enable our Customer Innovation team to
develop and offer differentiated and value-adding solutions.
AAK Uruguay, with its leading position within Chocolate
& Confectionery Fats, continued its strong performance,
delivering growth in all key markets within the region, Brazil,
Argentina and Chile, while simultaneously building up our
position as leader in Peru and Bolivia.