`American Investor Argentine Olive Ranch Buys San Juan Plantation - Olive Oil Times

American Investor Argentine Olive Ranch Buys San Juan Plantation

Sep. 23, 2011
Charlie Higgins

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Argentine Olive Ranch, an American invest­ment group headed by Ralph Rybacki, has announced that it will put up $11.9 mil­lion towards the pur­chase of a 2,471 acre olive plan­ta­tion and the con­struc­tion of a new olive oil fac­tory in the Argentine province of San Juan.

The com­pany already con­trols roughly 1,235 acres of olive plan­ta­tions in the city of San Rafael, Mendoza, where they recently opened a new fast food estab­lish­ment called Hollywood.

Construction of the new fac­tory will begin in 2014 and will be used to process two main olive vari­etals, Picual and Arbequina. Located in the town of Las Tuscas, Calle Fértil, the facil­ity will fea­ture an elec­tric line to facil­i­tate the pro­duc­tion of olive oil and state-of-the-art pumps used to extract water from the soil.

Argentine Olive Ranch has invested in more than just agri­cul­ture in recent years. The group cur­rently finances Algodón Mansion, a lux­ury hotel in the heart of Buenos Aires, and Algodón Wine Estates, a vine­yard-style resort in Mendoza.

It’s an oppor­tu­nity not only for busi­ness but for the region as well,” Rybacki said.

I always wanted to con­tribute to devel­op­ment that goes above and beyond, that is, to invest in and help peo­ple. After research­ing dif­fer­ent areas of Argentina, San Juan is where I found the best soil and water con­di­tions, as well as the great­est pos­si­bil­i­ties for future devel­op­ment,” he added.

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