en.Wedoany.com Reported - Argentine agricultural biological input company FACYT expects to achieve revenue of $50 million (approximately 2.75 billion Brazilian reais) by 2026 and will inaugurate its sixth plant on August 28, with a total investment of $10 million (55 million reais). The plant will produce new chemical and biological granules capable of replacing traditional urea. Applying just 25 kilograms of these granules can replace 150 to 200 kilograms of conventional urea. Company founder Héctor Laca stated that the new plant has already received a large number of orders before its opening.
The agricultural input group Facyt, founded by Héctor Laca, now boasts over 80 products after 30 years of development, including fertilizers, inoculants, fungicides, herbicides, and insecticides. The company occupies five hectares in Laguna Larga, with three biological units and two chemical units, employing a direct sales model with 85 pickup trucks for nationwide distribution and on-field technical guidance. Its top three best-selling products are "Todo Terreno," "Amiguito," and a biofertilizer. The formula for "Amiguito" was purchased from a scientist at the National Scientific and Technical Research Council (CONICET), with Laca paying 500,000 pesos and committing to a royalty of $0.50 per liter over two years, which he effectively incorporated into the product's final selling price.
The upcoming sixth plant, located in Laguna Larga, features equipment imported from Germany, the Netherlands, and Italy, with a single grinder costing between $800,000 and $900,000 (4.4 million to 4.95 million reais). Laca noted that global fertilizer prices have risen over 30% due to the conflict in Iran, creating market opportunities for the company's alternative products.
On a strategic level, Laca is actively planning to enter the Brazilian market. A company executive traveled to Brazil in early June for initial meetings. Laca himself stated that the company's value is expected to reach between $500 million and $600 million (27.5 billion to 33 billion Brazilian reais) in the next four to five years. To celebrate the company's 30th anniversary, Laca also published a personal book titled "From Poor to Rich, the Right Way" (De pobre a rico, por el camino correcto) and invited Argentine President Javier Milei to inaugurate the new plant.
Commenting on various Argentine governments, Laca considered the best period to be during Menem's administration, while the worst government was that of Alberto Fernández. Regarding current President Milei, Laca advised further reducing export taxes to unlock the agricultural sector's potential, adding that he voted for Milei in the election and plans to do so again. Laca revealed that he had been asked whether he would be willing to serve as Minister of Industry but declined each time.
At age 45, Laca founded FACYT on March 15, 1996, with a borrowed $2,500 (13,750 reais). Previously, he worked for 13 years in communications at the Salto Grande binational dam, earning a monthly salary of $3,000 (16,500 reais), but ultimately chose to leave. He estimates the company's future value at $500 million to $600 million and rejected a takeover offer from a U.S. company during the pandemic.
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