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| The Grasco Group was established in 1950 to cater to the needs of
the Colombian market in the areas of edible oils and cleaning products. From its
inception, the Group positioned itself as a market leader. Its production facilities
consist of eight industrial centers that manufacture and market a diverse line of
products such as fats and oils, soaps and detergents, animal feed, industrial products,
and others. |

| Each of the centers are strategically located within Colombia’s borders:
Fábrica de grasas y productos químicos, GRASCO S.A., located in the capital
city of Santafé de Bogotá; Productora de grasas y aceites, PROGRAL S.A.,
located in the tropical city of Girardot; Grasas y aceites vegetales, GRACETALES
S.A., set in the Atlantic maritime port city of Barranquilla; DETERGENTES S.A.; JABONERIA
CENTRAL S.A.; RAZA S.A. and others are strategically located within the Colombian
territory. In 1957, the Group founded Industrial Agraria La Palma, INDUPALMA S.A.,
the first and largest African Palm plantation in the country. INDUPALMA S.A. was
primarily designed to supply the Group its basic raw material, palm oil. |
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