[Press Release DiMuto]
DiMuto Announces Partnership with Leading Global Post Harvest Automation Manufacturer Corporacion Industrial Uruapan (CIU) to Boost Digital Asset Creation Capabilities for Global Agri-Food Trade
- DiMuto, a tech-based trade solutions platform, partners Corporacion Industrial Uruapan (CIU), a Mexican company dedicated to designing and manufacturing post-harvest processing machinery, to innovate and transform global agri-food trade
- The new partnership will see DiMuto working together with CIU to boost digital asset creation capabilities for supply chain visibility and trade traceability in the fresh produce industry
- CIU has over 30 years of industry experience and a global presence spanning 800 projects in over 12 countries including US, Peru, Chile, Brazil, Israel and more
Singapore, 4 May 2020 – DiMuto, a trade technology solutions platform that provides end-to-end supply chain visibility for global agri-food businesses, has partnered with Corporacion Industrial Urupan (CIU), a leading automation company specializing in designing and manufacturing Computerized Sorting Machines, to innovate and transform the global agri-food supply chain.
The collaboration will see the two firms join forces to boost digitalization capabilities for the produce industry by further enhancing the DiMuto Digital Asset Creation devices, otherwise known as DACky, that DiMuto uses to digitalize fresh produce into traceable digital assets. The proprietary DACky is able to uniquely tag, photograph, and track every carton and every fruit at the packinghouse, creating visibility in the agri-food trade.
With over 30 years of experience in the post-harvest sector, CIU is a Mexican company dedicated to the design and manufacture of machinery for the agricultural sector in the area of post-harvest. CIU develops automated and semi-automated packaging lines capable of selecting, through an artificial vision system, a wide variety of fruits and vegetables by weight, colour, size, defect, and shape. CIU’s trajectory and evolution is supported by the design and manufacture of more than 800 projects that have been installed in different parts of Mexico and in other countries, such as: the United States of America, Peru, Colombia, Dominican Republic, Honduras, Guatemala, El Salvador, Panama, Chile, Brazil, and Israel.
“Over the past decades, we have built an incredible foundation as the leading post-harvest automation manufacturer in the industry, helping hundreds of companies to improve the efficiency of their packinghouse operations. Working with DiMuto gives us an opportunity to scale our business in the traceability frontier and help us reach the Asian and Southeast Asian markets,” said Enrique Martínez Ayala, Chief Executive Officer and Owner of CIU.
The partnership will also look at shortening the onboarding process towards their digitalization journey for agri-food customers around the world, as well as achieving seamless integration into operational workflows. The new improvements will strengthen DiMuto’s 4T Suite Solution – a four 4-part trade technology solution combining blockchain, AI and IoT aiming to create traceability for every single fruit as they move through the supply chain by capturing important data at key supply chain stages.
“At DiMuto, our vision is to transform the way global agri-food trade is being conducted, especially in the fresh produce industry,” said Gary Loh, Founder and Chief Executive Officer of DiMuto. “By working together with CIU, we are accelerating our pace of innovation to bring visibility to global agri-food trade.”
Enterprise Singapore supported DiMuto’s internationalization journey in Latin America by providing market insights, sourcing suitable in-market partners, patent filing, proof of concept and assisting with business development and branding efforts.
Clarence Hoe, Global Markets Director of Enterprise Singapore said “We congratulate DiMuto on this new partnership with CIU. We are excited to see growing collaborations between Singaporean and Mexican companies which lead to the development of more effective solutions to meet the growing digitalization demand in Mexico. We wish them every success.”
“This new alliance between Corporativo Industrial Uruapan (CIU) and Dimuto (a unique combination of Singaporean block chain innovations and top Mexican food industry hardware) clearly exemplifies the commitments established during the last official visit of Prime Minister of Singapore Lee Hsien Loong, to Mexico last November, where he and President Andres Manuel Lopez Obrador vowed to consolidate a strong, economic and strategic trade partnership between our nations. The high-standard Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP), as well as the negotiations that are taking place to ensure that Singapore becomes an associate state member of the Pacific Alliance, will facilitate and enhances these efforts. Furthermore, the association of these two innovative agri-tech companies highlights the great capabilities for technological innovation displayed by Mexico and Singapore, also showcase how they will strengthen agroindustry value chains and ensure state of the art Farm to Table traceability for bilateral and intraregional trade,” said Amb. Agustin Garcia -Lopez Loaeza, Ambassador of México in Singapore.
The joint effort between DiMuto and CIU brings together the strengths of both companies to innovate and revolutionize agri-food supply chain visibility. Working together provides an exciting global opportunity to leverage CIU’s automation prowess alongside DiMuto’s trade expertise.
This collaboration closely follows DiMuto’s latest investment from Latin Leap, a Venture Capital Studio focusing on opening up opportunities in Latin America for Southeast Asian tech-scale ups, and its partnership with International Pineapple Organization, a global trade organization for pineapple growers. To date, DiMuto has tagged over 30 million fruits and tracked and traced over US$100million worth of agri-food trades. With presence in 7 countries including China, Indonesia, Singapore, Thailand and Australia, the partnership with CIU will strengthen DiMuto’s footprint in the fresh produce industry in Latin America.
DiMuto is in the business of creating trust. We provide global supply chains with a trade technology platform built on 4Ts: Tracking, Tracing, Transparency and Trust – thus demystifying global trade and enabling collaborative commerce.
The DiMuto Track & Trace blockchain platform creates end-to-end trade visibility and forms building blocks for further value creation in trade financing, product marketing and data analytics. Since 2018, DiMuto has successfully tracked and traced over millions of pieces in produce and millions in dollars of trade value on our platform. We work with a global portfolio of clients in over seven countries and five continents.
DiMuto is founded by executive chairman Mr Gary Loh, who is also the Executive Chairman of First Alverstone Group. For more information, please visit www.dimuto.io.
About Corporacion Industrial Uruapan
CORPORACION INDUSTRIAL URUAPAN (CIU), is the only 100% Mexican company dedicated to the design, manufacture and marketing of Computerized Sorting Machines within the agricultural sector in the post-harvest area. Founded in 1985 in the city of Uruapan, Michoacán, Mexico, CIU has managed to position itself as a solid company at the national level, having an increasing presence in international markets.
Each of our projects follow a methodology that is tailored to the specific needs of the client, for this we have a large work team, made up of various processes made up of professional staff and trained to respond in a timely and effective manner to the needs that are present.
About Enterprise Singapore
Enterprise Singapore is the Singapore government agency championing enterprise development. It also supports the growth of Singapore as a hub for global trading and startups.
The agency attracts global commodities traders to establish their global or Asian home base in Singapore. Today, Singapore is a leading global trading hub with a complete ecosystem for the energy, agri-commodities and metals & minerals trading clusters. Singapore is also home to many global enterprises, startups and investors that operate in its robust pro-enterprise environment.
Enterprise Singapore builds trust in Singapore’s products and services through quality and standards. Renowned for their dedication to quality and innovation, Singapore companies make ideal business partners.
With Enterprise Singapore’s global network in over 35 locations spanning many developed and emerging markets, it connects businesses with relevant Singapore companies for their business expansion.
Visit www.enterprisesg.gov.sg for more information.
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