Compañía de Desarrollo y de Industrialización de Productos Primarios

What Compañía de Desarrollo y de Industrialización de Productos Primarios does

CODIPSA (Compañía de Desarrollo y de Industrialización de Productos Primarios S.A.) is a privately held Paraguayan agroindustrial company founded in 1998 that produces and commercializes cassava starch and a broad portfolio of derived food and industrial ingredients. It operates five manufacturing plants in Paraguay (Codipsa I in Raúl A. Oviedo, Codipsa II in Repatriación, Codipsa III in Guajayvi, Codipsa IV in Nueva Germania, and Codipsa V in Compañía Procesadora de Productos Agrícolas SAE) with a combined installed capacity of approximately 50,000 tons per year; Codipsa III is the only starch plant in South America equipped with 100% European technology. The portfolio spans native, sour, organic, phosphated, oxidized, and cationic cassava starch, corn starch, cassava flour, tapioca mass, frozen cassava and vegetables, pre-mixes for traditional Paraguayan foods (chipa, mbeju, pan de queso, pan de bono, pizza, gluten-free bread, pancakes, waffles, muffins, crepes, cake), meat-industry functional inputs (Bernecol emulsifier, Berneprot, Bernesal), collagen casings, and German industrial saws distributed under exclusive representation. Process technology includes Brabender Viscograph-E rheology equipment (the only unit in Paraguay, acquired mid-2025), biogas stations at Codipsa III and IV, water recirculation systems, and a fully certified quality system (FSSC 22000 V6, FDA, Halal, Kosher, BRCGS, HACCP, ISO 9001/14001/45001/22000).

The company serves B2B food manufacturers, meat processors, paper producers, edible-oil companies, and retail/foodservice channels across 33 countries, with approximately 80% of production exported and the USA as the primary market for the past four years alongside Mexico, Colombia, Argentina, and Spain. Pricing is quote-based rather than publicly listed, with SKUs available in 500 g to 1,350 kg Big Bag formats. Revenue derives from one-time product sales across the starch, pre-mix, frozen, meat-input, and distributed-product lines, supplemented by exclusive distribution rights for F.H. Schmidt industrial equipment across South America and Bernesa meat additives in Paraguay. The company is owned and governed by members of the Paraguayan-German/Mennonite business community (President Jacob Goertzen, Vice President Andreas Neufeld, CEO Hans Theodor Regier, plus four additional directors and a syndicate), and integrates approximately 4,000 smallholder cassava farmers into its supply chain with technical, commercial, and credit support. Recent corporate development has expanded into adjacent verticals via three subsidiaries incorporated in 2023 — Codipsa USA Inc., Codipsa Bistró S.A. (opened Treffen Bistró Fusión restaurant in 2024), and BlueBio S.A. (cassava-based biodegradable products from 2024).

Name

Compañía de Desarrollo y de Industrialización de Productos Primarios

Legal name

Compañía de Desarrollo y de Industrialización de Productos Primarios S.A.

Website

https://codipsa.com.py

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

251–500 employees

Short description

CODIPSA is a privately held Paraguayan agro-industrial company founded in 1998 that produces cassava and corn starch, pre-mixes, frozen cassava, and meat-industry inputs across five plants with 50,000 tons/year capacity, exporting 80% of output to food manufacturers in 33 countries led by the USA.

Ownership category

akta.pro rank

Product category

Cassava Starch and Agroindustrial Ingredients

NAICS

Starch and Vegetable Fats and Oils Manufacturing (31122), Wet Corn Milling and Starch Manufacturing (311221), Fruit and Vegetable Preserving and Specialty Food Manufacturing (3114)

SIC

Grain Mill Products (2040), Food And Kindred Products (2000), Canned, Frozen & Preservd Fruit, Veg & Food Specialties (2030)

akta.pro primary industry

Native Starches & Flours (Corn, Potato, Tapioca, Wheat, Rice) (AFAJABAB)

akta.pro secondary industries

Starches & Grain Derivatives Manufacturing (cornstarch, maltodextrin, glucose solids) (AFAKABAG), Starches, Flours & Milling Products Trading/Wholesale (AFAIAKAH)

Keywords

• Cassava starch production
• Corn starch manufacturing
• Industrial starch ingredients
• Frozen cassava products
• Cereal pre-mixes

Headquarters

HQ city

Asunción

HQ country

Paraguay

HQ region

Latin America

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Cassava and Corn Starch Products: Codipsa manufactures and sells cassava starch (native, sour, cationic, oxidized, chipa-specific varieties), corn starch, and tapioca products. The company exports 80% of its production to international markets including the USA, Mexico, Colombia, Argentina, and Europe.
2. Pre-mixes and Food Products: Pre-mixes for traditional Paraguayan products (chipa, mbeju, pan de queso, pizza, pandebono, gluten-free bread) and sweet pre-mixes. The company also produces cassava flour and frozen cassava products.
3. Industrial Inputs: Products for the meat industry including Bernecol (meat emulsifier), Berneprot, Bernesal, and collagen casings. Also produces agricultural inputs and supplies for cassava cultivation.
4. Frozen Cassava Products: Frozen cassava (peeled and frozen), frozen cassava premium, frozen sweet corn, frozen sweet potato, and frozen vegetable mixes. First export to Spain achieved in January 2025.
5. Maize Protein: Production of maize protein initiated in 2023 as part of product diversification strategy.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

CODIPSA manufactures and sells cassava starch (native, organic, sour, phosphated, oxidized, cationic, Thai-origin), corn starch, cassava flour, tapioca mass, frozen cassava and frozen vegetables, cereal pre-mixes for traditional baked goods, and meat-industry inputs (Bernecol, Berneprot, Bernesal, collagen casings). The company sells through direct B2B export channels to food manufacturers in 33 countries, with 80% of production exported and the USA as the primary market for the past four years.

Product overview

Codipsa (Compañía de Desarrollo y de Industrialización de Productos Primarios S.A.) is a Paraguayan agroindustrial company founded in 1998 that produces and commercializes cassava starch and related products. The company's portfolio includes core products such as cassava starch (native, organic, and from Thailand), cassava flour, tapioca mass, frozen cassava, cationic starch for paper industry, corn starch, potato starch, sour cassava starch, phosphated cassava starch, and oxidized starch. The company has diversified into pre-mixes for traditional Paraguayan foods (chipa, mbeju, pan de queso, pizza, pan de bono, pancakes, waffles, muffins, crepes, cake), meat industry inputs (Bernecol, Berneprot, Bernesal, Salox FS, PJ 24), industrial saws from Germany, frozen products (cassava, sweet corn, sweet potato, vegetable mix), and collagen casings. Codipsa operates four industrial plants with a combined processing capacity of 1,250 tons per day of cassava roots and has achieved leadership in cassava starch exports across the American continent, exporting to over 33 countries.

Differentiator

Problem solved

Functional benefit

Brands

• BlueBio: Biodegradable/degradable products made from cassava-based materials
• Codipsa Bistró
• Chipitas
• Bernecol
• Berneprot
• Bernesal

Quantifiable outcome

• 60% market share of national starch production
• +3 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• F.H. SchmidtcoreChannel Partner/ Reseller/ Distributor · 1 January 2018Exclusive representation and sales for South America of all F.H. Schmidt products since 2018. Codipsa serves as the exclusive distributor for this partner's product line across the South American region.
• BernesacoreChannel Partner/ Reseller/ Distributor · 1 January 2018Exclusive representation and sales within Paraguay of meat additives from Argentina, brand Bernesa, since 2018. Codipsa distributes Bernesa meat additive products throughout the Paraguayan market.
• European Collagen Casings ProducerminorChannel Partner/ Reseller/ Distributor · 1 January 2018Exclusive representation of collagen casings from Europe since 2018.
• Thai Cassava ProducerminorStrategic or Co-development Partner · 1 January 2017Commercial alliance in Thailand for sourcing cassava starch under the Codipsa brand. Codipsa produces and sells Thai-origin cassava starch with their own brand since 2017.
• European Potato Starch ProducerminorStrategic or Co-development Partner · 1 January 2017Sourcing partnership for potato starch from Europe under the Codipsa brand since 2017.
• CHACOMERcoreStrategic or Co-development PartnerPartnership for spiritual accompaniment project supporting producers and truckers. CHACOMER provides support for the weekly chaplaincy program directed at truckers awaiting cassava unload at plants, and for home visits to producer families.
• Cámara Paraguaya Alemana (AHK)minorStrategic or Co-development PartnerParaguayan-German Chamber of Commerce. Codipsa won the 2019 Paraguayan-German Company of the Year award from AHK.
• CAPEXminorStrategic or Co-development PartnerCAPEX - Centro Agroindustrial de la Producción y Exportación. Paraguayan organization supporting agroindustrial production and export.
• FUPACELminorStrategic or Co-development PartnerFundación para la Competitividad. Paraguayan foundation focused on competitiveness.
• Unión Industrial Paraguaya (UIP)minorStrategic or Co-development PartnerParaguayan Industrial Union, the main industrial association in Paraguay.
• Fundación PYAminorStrategic or Co-development PartnerFundación para el Desarrollo Sustentable. Paraguayan foundation for sustainable development.

Scale indicators9 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Roquette: French-headquartered global leader in starch and starch-derivative production (corn, wheat, pea, potato). Closest direct peer to Codipsa — both produce native and modified food-grade starches for B2B food/industrial customers, share European-process technology heritage, and target similar end applications (bakery, meat, paper, dairy alternatives).
• EMSland Group: German family-owned starch manufacturer specializing in potato and modified starches for food, technical and animal-feed applications. Highly comparable to Codipsa as a privately-held, technologically advanced starch specialist with a European technology base and global B2B food-industry customers.
• AGRANA Beteiligungs-AG: Austrian company that produces starch from corn, wheat and potatoes for food and industrial applications, including native and modified starches. Direct peer to Codipsa — both are mid-sized starch specialists with European technology roots, exporting to global food manufacturers and competing in modified food starch markets.

Broad incumbents

• Tereos Starch & Sweeteners: French cooperative producing starches and sweeteners from wheat, corn and cassava for food and industrial markets. Comparable to Codipsa as a major cassava-starch competitor with global reach and similar B2B customer segments, though with broader geographic and feedstock diversification.
• Cargill, Incorporated: Global agribusiness giant with significant starch, sweetener and ingredient operations across food and industrial customers. Comparable to Codipsa as a broad incumbent supplying starches and ingredients to the same food-manufacturer end markets, including via its own cassava-starch processing footprint.
• Ingredion Incorporated: Global ingredient solutions company providing starches, sweeteners and biomaterials to food and industrial customers worldwide. Comparable to Codipsa as a broad incumbent selling modified and native starches into the same food-manufacturer customer base, though at much larger scale across multiple starch sources (corn, tapioca, potato).
• Tate & Lyle: UK-listed global ingredients company specializing in food and beverage solutions including modified food starches, sweeteners and texturizers. Comparable to Codipsa as a specialty-starch and ingredient supplier serving the same multinational food manufacturers, with broader portfolio breadth across starch sources.

Emerging players

• Thai Wah Public Company: Thai tapioca starch producer and exporter with diversified starch-based food products (including noodles). Highly comparable to Codipsa — both source cassava, serve global B2B food customers, and Codipsa even has a commercial alliance with a Thai cassava producer for Thai-origin product under the Codipsa brand.
• PT Budi Starch & Sweetener TBK: Indonesian tapioca starch producer — one of the largest in Southeast Asia — competing with Codipsa in global cassava-starch export markets. Comparable on feedstock (tapioca/cassava), product category (native and modified starches), and customer segment (food and industrial B2B), but with lower production costs and a regional rather than global brand.

Regional players

• Manildra Group: Australian family-owned flour and starch manufacturer producing wheat, corn and modified starches for food and industrial applications. Comparable to Codipsa as a privately-held, vertically integrated starch specialist serving B2B food manufacturers with strong regional export orientation, but operating primarily in Australia/Asia rather than the Americas.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/codipsapy
• YouTubeyoutube.com/@codipsa
• Facebookfacebook.com/codipsa
• LinkedInlinkedin.com/company/codipsa
• Instagraminstagram.com/codipsa

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Compañía de Desarrollo y de Industrialización de Productos Primarios