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Colombia

The original report was published in the Miani Herald on Friday, April 27, 2012
Álvaro Gómez (left) with his father John Gómez, who received an Entrepreneurial Lifetime award in 2009
         

Familia territory

Grupo Familia is ready to take on the American market

The figure of Paisa businessman John Gómez Restrepo – who established Grupo Familia – is well known and respected throughout Colombia, so much so that in 2009 he received Ernst & Young’s Lifetime Entrepreneurship Achievement Award.

The only son of five children, John Gómez Restrepo began working at the age of 14 and founded his first company, Productos Familia, convinced that many products imported to Colombia could be produced locally.

Mr. Gómez set up over 30 successful companies throughout his career before finally concentrating his efforts on his group’s four major activities: Productos Familia (Familia), a consumer goods and personal care manufacturer; Brinsa S.A., a salt and bleach producer; Productos Quimicos Panamericanos S.A. (PQP), a manufacturer and marketer of chemical products; and a reforestation company.

Today, Mr. Gomez’s five children head Grupo Familia, now international and present in over 20 countries. “PQP has factories in Ecuador and the Dominican Republic. Brinsa also has a factory there, and Familia does business throughout Latin America, except Brazil,” explains Álvaro Gómez, son of John Gómez and President of PQP.

PQP and the secret of innovation

PQP was founded in 1974 and today is a leader in the water treatment industry, producing and commercializing over 45 chemical products for industrial purposes. It is the largest aluminum sulfate producer in the Andean region, and the company recently became a strong competitor in the detergents market.

Colombia isn’t only going to be an industrial and tourist destination; we will be the food suppliers for a hungry world.

Álvaro Gómez,
President of PQP

“We are seeing how in six years a Colombian company has acquired 20% of the domestic detergent market. Today we are the second manufacturing company and the only one that has two detergent towers, which is a guaranteed supply, and two manufacturing plants in different parts of the country, which assures our clients that if anything happens in one place, it is unlikely to happen in the other,” says the company’s president.

He takes the disciplines of innovation, satisfaction and proximity to the client very seriously. Passed on by his father, they are pillars that have been key to the company’s success.

“Innovation is a corporate culture and it must radiate from within the presidency of the company,” says Mr. Gómez.

He adds that distinguishing between “know how” and “know why” forms part of that culture and is key to understanding the needs of each client: “That is what we do here. Our chemical products are made in reactors, cooked, cooled, crystallized and filtered. These are processes and we are masters in the process, and as such, we know how we can innovate.”
FTA and the American market

“The Colombia-U.S. free trade agreement (FTA) is going to create a ‘before and after’ in the economic history of Colombia,” assures Mr. Gómez. It is not so much the FTA itself, but more the fact that it has been signed with “a country like the United States, which represents 30% of the world’s economy,” he adds. The changes, as he envisions them, will be gradual with an initial influx of American products sought after by the Colombian population, after which the inverse situation will materialize as Colombian enterprises penetrate the American market. For this reason, PQP is targeting Colombian and other Latin American communities in Florida and Texas. “We will try to bring products they have used in their childhood or youth, products they want,” explains Mr. Gómez.

Future plans

PQP is preparing to enter the stock market this year, with the group’s Brinsa and Familia subsidiaries following suit later.

According to PQP’s president, this move will “ensure the growth and internationalization of PQP, which is seeking to be a multinational company in this corner of the world, one that has nothing to envy of Procter & Gamble or Colgate. We will be seen as equals.”

COLOMBIA TEAM: Gemma Gutierrez, Leandro Cabanillas, Iris Oliveros, Laia Marsal, Felipe Mattosian, and Rocio De Mingo, with special thanks to Henry Espino

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LOCATION:
Northern South America, bordering the Caribbean Sea, between Panama and Venezuela, and bordering the North Pacific Ocean, between Ecuador and Panama

CAPITAL:
Bogota

AREA - comparative:
slightly less than twice the size of Texas

CLIMATE:
tropical along coast and eastern plains; cooler in highlands

GDP - composition by sector:
agriculture: 9.3%
industry: 38%
services: 52.7% (2010 est.)

AGRICULTURE - products:
coffee, cut flowers, bananas, rice, tobacco, corn, sugarcane, cocoa beans, oilseed, vegetables; forest products; shrimp

INDUSTRIES:
textiles, food processing, oil, clothing and footwear, beverages, chemicals, cement; gold, coal, emeralds

EXPORTS:
$40.24 billion (2010 est.)

EXPORTS - commodities:
petroleum, coffee, coal, nickel, emeralds, apparel, bananas, cut flowers

EXPORTS - partners:
US 42%, EU 12.6%, China 5.2%, Ecuador 4.5% (2010 est.)