Mayaguez
Mayagüez S.A. is a Colombian agroindustrial group founded in 1937 that operates an integrated sugarcane processing platform in Candelaria, Valle del Cauca, producing refined sugar, bioethanol, bioenergy, and biofertilizers for Colombian retail and industrial customers.
- Company typePrivate
- Founded1937
- HeadquartersSantiago De Cali, Colombia
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Mayaguez does
Mayagüez S.A., operating under the trade name Ingenio Mayagüez, is a Colombian agroindustrial group founded in 1937 and headquartered at its production complex in Candelaria, Valle del Cauca, with a commercial office in Cali. The company runs an integrated sugarcane-to-product platform that converts the entire cane plant into refined sugar (marketed to consumers under the 'Azúcar Mayagüez' brand and to industrial buyers in bulk), bioethanol for the Colombian fuel market, cogenerated bioenergy used in-plant and exported to the grid, and biofertilizers sold as agricultural inputs. Production spans harvest, milling, refining, distillation, cogeneration, and byproduct processing under a 'Bionegocios' unit charged with commercializing emerging sustainable-business lines, supported by BONSUCRO certification achieved with 86.54% conformity in October 2020.
The company operates a dual go-to-market: a B2C retail line selling branded sugar in multiple package sizes through Colombian retail channels, and a B2B industrial line serving manufacturing, beverage, and energy customers via direct sales executives located in Bogotá, Cali, Medellín, Costa, and Bucaramanga. Procurement and supplier management are conducted through the iProveedor digital portal. Governance is exercised through a Board of Directors, a President (Mauricio Iragorri), published Corporate Governance Reports for 2021-2023, SAGRILAFT and PTEE compliance programs, and ongoing sustainability disclosures. Headcount sits in the 5,001-10,000 range, consistent with a mid-to-large Colombian agroindustrial operator. Reported financials in supplied materials show volatile revenue, declining gross profit, EBITDA, operating income, and net income turning negative in 2025, indicating margin compression despite revenue stabilization.
Mayaguez firmographics
Firmographics- Name
- Mayaguez
- Legal name
- Mayagüez S.A.
- Website
- https://ingeniomayaguez.com
- Company type
- Private
- Founded year
- 1937
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Mayagüez S.A. is a Colombian agroindustrial group founded in 1937 that operates an integrated sugarcane processing platform in Candelaria, Valle del Cauca, producing refined sugar, bioethanol, bioenergy, and biofertilizers for Colombian retail and industrial customers.
- Ownership category
- akta.pro rank
Mayaguez industry classification
Industry- Product category
- Sugar & Bioethanol Manufacturing
- NAICS
- Cane Sugar Manufacturing (311314)
- SIC
- Sugar & Confectionery Products (2060)
- akta.pro primary industry
- Cane Sugar (Raw & Refined) (AFAJAAAA)
- akta.pro secondary industry
- Grain & Sugar-Based Ethanol Production (EUAAAHAA)
Keywords
Where Mayaguez is headquartered
LocationHeadquarters
- HQ city
- Santiago De Cali
- HQ country
- Colombia
- HQ region
- Latin America
Offices2 records
Markets served
Mayaguez business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Sugar Production and Sales: Production and sale of sugar products including commercial sugar and the Sugar Mayagüez consumer brand (330g packaging)
- Bioethanol and Green Energy: Production of bioethanol and renewable energy from sugarcane processing byproduct
- Byproduct Sales: Sale of biofertilizers and other sugarcane processing byproducts
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Mayaguez product offering
Product offeringCore offering
Mayagüez is an agroindustrial group that processes sugarcane to produce refined sugar (industrial and Azúcar Mayagüez retail brand), bioethanol fuel, organic biofertilizers (bioabonos), and renewable bioenergy through an integrated zero-waste production cycle. The company serves industrial buyers in sugar, fuel, and energy markets through direct B2B sales and household consumers through branded retail sugar in Colombia.
Product overview
Ingenio Mayagüez is an agroindustrial group that transforms sugarcane into sugar, bioethanol, bioenergy, and biofertilizers through integral production cycles. The company operates a platform model where core products (Azúcar and Bioetanol) form the primary revenue generators, supported by byproduct divisions (Bioabonos, Bioenergía, Bionegocios) that maximize the use of agricultural residues and byproducts. The Azúcar Mayagüez brand represents the consumer-facing retail sugar products, while industrial sugar and ethanol serve B2B markets. This integrated approach enables the company to convert the entire sugarcane plant into value-added products, from sugar for consumption and bioethanol for fuel to biofertilizers for agriculture and bioenergy for operations.
Differentiator
Problem solved
Functional benefit
Brands
- Azúcar Mayagüez: Brand of sugar products for household consumers
Products and services
- Azúcar (Sugar)
Quantifiable outcome
- 86.54% BONSUCRO compliance score achieved in certification evaluation
Companies that use Mayaguez
Customer profileSegments2 records
Ideal customer profiles2 records
Mayaguez technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Mayaguez partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- iProveedoroperationalDigital supplier management platform (iProveedor portal) used for supplier relationships and procurement processes. Provides certified client services and supplier dashboard for business partner management.
Scale indicators2 records
Recent moves5 records
Expansion highlights5 records
Mayaguez competitors and assessment
Company assessmentBroad incumbents
- Tereos: French sugar-ethanol cooperative and one of the world's largest integrated sugarcane/sugar beet processors. Comparable integrated sugar and ethanol model at much larger global scale.
- ABF (Associated British Foods) - Sugar Division: UK-listed conglomerate operating one of the world's largest sugar producers (AB Sugar) with integrated ethanol and co-generation. Comparable integrated business model though sugar is one division within a broader portfolio.
- Mitr Phol Group: Asia's largest sugar producer with integrated ethanol, bioplastics, and renewable energy operations. Comparable integrated agroindustrial model at significantly larger scale.
- Südzucker AG: Europe's largest sugar producer with significant ethanol and bioenergy operations. Comparable integrated production model across sugar, ethanol, and byproducts.
Regional players
- Cosan S.A. Brazilian integrated sugar and ethanol producer with significant cogeneration capacity. Highly comparable integrated agroindustrial model but operating in Brazil, not Colombia.
- BP Bunge Bioenergia: Brazilian joint venture between BP and Bunge operating sugar mills, ethanol production, and bioelectricity generation. Mirrors Mayagüez's integrated sugarcane-to-multiple-products structure at larger scale in Brazil.
- Grupo Azucarero Nacional (El Salvador): Central American sugar producer serving regional markets. Comparable sugar-focused producer with integrated milling, though operating across different geography than Mayagüez.
Direct peers
- Ingenio Providencia: Colombian sugar mill producing refined sugar, ethanol, and energy in Valle del Cauca. Direct competitor serving overlapping industrial and retail customers in the same domestic market.
- Riopaila Castilla S.A. Colombian sugar producer also based in Valle del Cauca, with parallel sugar and ethanol operations. Same regional competitive set and customer base as Mayagüez.
- Manuelita S.A. Colombian agroindustrial group operating integrated sugarcane processing for sugar, ethanol, and energy. Most directly comparable peer given shared Colombian footprint, integrated model, and multi-product output.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Mayaguez social profiles
Digital presenceMayaguez financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mayaguez leadership team
Management profileNumber of profiles
Profiles2 records
Mayaguez funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mayaguez M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mayaguez
What does Mayaguez do?
Mayagüez is an agroindustrial group that processes sugarcane to produce refined sugar (industrial and Azúcar Mayagüez retail brand), bioethanol fuel, organic biofertilizers (bioabonos), and renewable bioenergy through an integrated zero-waste production cycle. The company serves industrial buyers in sugar, fuel, and energy markets through direct B2B sales and household consumers through branded retail sugar in Colombia.
Is Mayaguez a public or private company?
Mayaguez is a private company. It is classified as public and is currently operating.
When was Mayaguez founded?
Mayaguez was founded in 1937. It employs 5,001 to 10,000 people.
Where is Mayaguez based?
Mayaguez is headquartered in Santiago De Cali, Colombia, in the Latin America region.
How does Mayaguez make money?
Three revenue lines are on record. Sugar Production and Sales are the primary driver. The others are bioethanol and Green Energy and byproduct Sales.
Who are Mayaguez's main competitors?
Broad incumbents on record are Tereos, ABF (Associated British Foods) - Sugar Division, Mitr Phol Group and Südzucker AG. Regional players are Cosan S.A., BP Bunge Bioenergia and Grupo Azucarero Nacional (El Salvador). Direct peers are Ingenio Providencia, Riopaila Castilla S.A. and Manuelita S.A..
Does Mayaguez have an API?
No public API is recorded for Mayaguez.
What industry is Mayaguez in?
Mayaguez's product category is Sugar & Bioethanol Manufacturing. Its primary akta.pro industry code is AFAJAAAA, Cane Sugar (Raw & Refined), with a secondary code of EUAAAHAA, Grain & Sugar-Based Ethanol Production. Its NAICS code is 311314 and its SIC code is 2060.