One of the biggest objectives of thousands of Peruvian businessmen is to expand in the foreignseek new markets and open branch offices. The task is not simple. To achieve this step, many times, their companies have to establish themselves in a certain territory to later expand their line of business, either in countries of Europe or Latin America, such as Bolivia. In this note we tell you which Peruvian companies have a presence in the highland country, how many years they have been in the market and other details that will interest you.
BCP expanded into the Bolivian market in 1994 under the name of Banco de Crédito de Bolivia. Photo: Duty
He BCP began operations in 1889 as Italian Bank and from 1941 as Banco de Crédito del Perú. This financial entity was recognized as the best bank in Peru and the best bank in Latin America, according to the Awards for Excellence 2016, which is awarded annually by the British magazine Euromoney. Reviewing history, in 1994, it managed to expand to the Bolivian market under the name of Credit Bank of Bolivia SA, which is a 100% subsidiary of BCP.
In 2000 they adopted modern banking technology, interconnected the computer systems with those of the BCP in Peru and introduced the Servimatic, a then innovative virtual queue system, which revolutionized the concept of customer service not only in banking, but also in other industries of the highland country.
In 2022, Alicorp was awarded the Maya Prize in Bolivia. Photo: Peru Retail
Alicorp In Bolivia it is considered one of the leading companies in the agro-industrial and mass consumption sector. In addition, it is in charge of manufacturing Fino oil, one of the brands preferred by Bolivians. Currently, the company generates approximately 1,000 direct jobs and 5,000 indirect jobs through its operations in eight departments of the country, according to the instructions on their website. Alicorp started to operate in Bolivia in 2018 through the acquisition of ADM-SAO and Industrias de Aceite FINO, with more than 70 years of experience.
Last year, Alicorp was awarded the 2022 Maya Prize in the category of best national oilseed industry in the bolivian market. The distinction they received is the highest public honor that is awarded each year in the highland country to recognize the efforts of people, media, artists, companies and institutions that are committed to the country.
As for food, Alicorp brands are also positioned in the preference of Bolivian consumers, such as Sabrosa oil, Regia margarine or Don Vittorio noodles. By the end of 2022, Alicorp company was recognized as the largest private company in Bolivia. The prize was awarded by the economy magazine and the economist Hugo Siles Espada. In addition, she is included in the latest ranking of the 500 Largest Companies from that country.
Belcorp groups three brands: Ésika, L’Bel and Cyzone. Photo: women’s catalog shot
Belcorp is the Peruvian and multinational beauty and cosmetics company that brings together three brands Ésika, L’Bel and Cyzone. Although they have a well-promoted website, their main channel is direct sales. Under this model, independent consultants market the products to their customer network using virtual or physical catalogs. They have branches in 13 countries in America. One of them is Bolivia and they have more than 860,000 independent consultants.
His first business steps were taken by Edward Belmontthe youngest of the Belmont brothers, who for some years was part of yanbalcompany run by Fernando Belmontbut decided to undertake by his side in the same field.
Aje Group was born in the province of San Miguel, in Ayacucho (Peru), more than 30 years ago. In 1988, the Añaños family, founders of the company, began to produce soft drinks under the Kola Real brand from an orange-flavored drink. Currently operates in more than 20 countries, including Bolivia. In addition, it has the brands Cielo, Pulp, Sporade, Free tea, Cifrut, Volt, Big Cola, Sabor de Oro, Volt, Bio Amayu.
In 1988, the Añaños family founded Aje in Ayacucho. Photo: Aje
The initiative of the Añaños family, Born in precarious conditions in a patio at her home, today she is ranked 12th in the “Ranking of the most global companies in Latin America”, prepared by América Economía Intelligence.
Rocky’s is a Peruvian company with 35 years of experience in the restaurant market. Its first store opened in 1985 in Zárate (San Juan de Lurigancho, Peru). A space with only 15 tables and seven workers started what is now the first restaurant chain that attracts more than a million customers each month with more than 75 locations in the country.
Its flavor of grilled chicken has allowed the company to transcend borders, reaching Bolivia, where diners can enjoy the flavor of Rocky’s in more than six stores located in Santa Cruz.
The Rocky’s company has more than six stores located in Santa Cruz (Bolivia). Photo: Maps screenshot
Grupo Gloria was founded by Vito Modesto Rodríguez Rodríguez, businessman and billionaire, one of the richest Peruvians, according to Forbes magazine. The tycoon died on June 17, 2022. The Gloria Group is the owner in Bolivia of the Milk Industrialization Plant (PIL) Andina SA and plans to expand more businesses in the highland country.
Its activities are carried out in the dairy, food, cement, paper, agribusiness, transport and services sectors, and it has businesses in Peru, Bolivia, Colombia, Ecuador, Argentina and Puerto Rico. It is considered one of the Peruvian groups with the greatest expansion and international presence.
His assets increased from his investments in other areas, such as cement manufacturing. In 2014, he acquired 51% of Sobocce’s shares for the sum of US$300 million. The tycoon, together with his brother, already had 47% of the company, which is why they became owners of the most important company in the aforementioned sector in Bolivia.
Grupo Gloria is the owner in Bolivia of the Milk Industrialization Plant (PIL) Andina SA Photo: composition LR/Gloria
Yanbal is a jewelry, perfumery and makeup company that was born in Peru in 1967 and currently It is present in countries of Peru, Bolivia, Colombia, Ecuador, Spain, Guatemala, Italy, Mexico and the United States. John Ferdinand Belmont is the founder of Peruvian cosmetic empire Yanbal. As we indicated above, he is the brother of Eduardo Belmont; however, in 1988 they went from being partners to business competitors. Fernando stayed with Unique-Yambal, while Eduardo founded belcorp (L’BEL, ésika and Cyzone).
Fernando Belmont grew up in a family oriented to the cosmetics business and decided to found his own company, called Yanbal. Photo: composition LR/Yanbal/El Cierre Digital
Aceros Arequipa SA Corporation is the leading Peruvian steel company in the production of steel that has been offering international products and services for construction, industry and mining for more than 55 years. In 1966 they began operations in the first rolling plant for steel products. The company has almost half a century (48 years) in the Bolivian market and 12 years in Santa Cruz, and has positioned itself as one of the most valued companies for the construction of civil projects.
The company has almost half a century (48 years) in the Bolivian market. Photo: diffusion
Ransa is a leading logistics operator in Peru with more than 7,000 trained and specialized employees to meet the requirements of storage, distribution, transportation, customs agency, among others. Its business model involves identifying the total costs of the logistics activity, simplifying operations and optimizing resources to achieve better efficiency in the supply chain.
It has operations in Peru, Bolivia, Ecuador, Colombia, El Salvador, Guatemala and Honduras. Ransa has been operating in Bolivia since 2003 and currently has offices in Santa Cruz, Cochabamba and La Paz.and with a large infrastructure of more than 30,600 m² of storage, more than 17,500 m² of dry positions and more than 380 m² of space with controlled temperature.
Logistics operator Ransa has been operating in Bolivia since 2003. Photo: Rumbo Minero
Alpasur SA is an operator logistics company that belongs to the Romero Group, one of the main Peruvian economic groups. In Bolivia it began activities on February 8, 2002 and since that date it has been committed to the development of Bolivia’s foreign trade.
During the years of experience in the Bolivian market, it has been characterized by mobilizing important volumes of dry and liquid cargo. The most important are soybean and sunflower meal, wheat grain, sugar, crude soybean and sunflower oil, refined oil, cane ethyl alcohol, zinc concentrate, asphalt cement and various cargoes in containers.
Offers comprehensive and personalized logistics services for all types of cargo of large volumes, which guarantee the efficient and safe export and import of merchandise.
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.