The biotechnology company is boosting its international expansion plans with the opening of this new subsidiary in Mexico.

Following the opening of its subsidiaries in Japan, United States, India and Italy, AlgaEnergy is moving rapidly forward with its internationalization phase by opening a new office in Mexico. AlgaEnergy Mexico has been established with offices in Mexico City to direct operations in this market.

“We are very pleased to announce the establishment of our business operations in Mexico as a step forward in our international development” said Ry Wagner, Ph.D., President of International Agribusiness for AlgaEnergy S.A. “AlgaEnergy has been recruiting world-class leaders for our business units as we expand our business operations. They will lead our plans for a global business presence with our best-in-class microalgae-based biological products.  As we work to establish strong partnership in markets such as Mexico and onboard our senior leadership, I anticipate that we will make excellent progress toward our global business goals for 2019 and beyond”, Wagner continued.

Regarding the presence of AlgaEnergy in Mexico, Wagner stated that “agriculture is an important economic sector for Mexico, both historically and politically speaking. This country is an important producer of crops such as maize, avocado, cereals and some open field vegetables, so with an immense potential. Furthermore, is the world’s third greatest producer in organic agricultural products. In this framework, AlgaEnergy is in a privilege position for providing its innovative, effective and environmentally friendly technologies”, he added.

With the support of the exceptionally strong team within the operations in Spain, AlgaEnergy will be opening additional subsidiary offices in a number of other countries in the near future and continuing to recruit world-class leaders according to the company’s internationalization plan “Project Victoria”.