COFIDES has granted a €2.5 million loan to WOFCO to support the establishment of a shrimp processing plant in Paraguay, enhancing WOFCO's operational capabilities and creating local jobs.

Information on the Target

WOFCO (Worldwide Fishing Company) is a global fishing enterprise based in Vigo, Spain, specializing in seafood marketing across over 55 countries. Founded in 2016, WOFCO is a vertically integrated company that manages the entire production chain, from fishing to sales. The company employs approximately 400 people, with over half of its workforce comprising women.

WOFCO is strategically positioned as a B2B operator in the frozen seafood and fish sector, being one of the leading national players in Spain. The recent initiative by WOFCO to expand its operations into Paraguay highlights its ambition to strengthen its global presence and optimize its production capabilities.

Industry Overview in Paraguay

The fishing industry in Paraguay has been undergoing significant transformation, characterized by investments in modern technologies and facilities aimed at boosting production efficiency. With its rich aquatic resources