Context: How Bolsa de Valores de Asuncion works, and what it makes issuers disclose · Paraguay on the LatAm Power Map
Paraguay’s Agroalianza S.A.E.C.A. built one of the country’s largest rice-milling plants from scratch and listed on the Asunción stock exchange — only to find itself suspended by the securities regulator twice in two years for missing its own financial filings.
| Full name | Agroalianza Sociedad Anónima Emisora de Capital Abierto (S.A.E.C.A.) |
| Ticker / exchange | AGROALIANZA · Bolsa de Valores de Asunción (BVASA), Paraguay |
| Headquarters | Autopista Silvio Pettirossi N° 2273, Luque, Paraguay; processing plant in San Juan Bautista, Misiones |
| Sector | Agro-industry — rice milling and fabrication of rice products |
| Employees | ~1,000 direct and indirect (as stated at 2017 inauguration; current figure not disclosed in available sources) |
| Market value | Not disclosed in available sources (no traded price data published) |
| Yearly sales (revenue) | Not disclosed in available sources (periodic filings in arrears) |
| Net profit | Not disclosed in available sources |
| Net margin | Not disclosed in available sources |
| Return on equity | Not disclosed in available sources |
| Price-to-earnings | Not disclosed in available sources |
| Dividend yield | Not disclosed in available sources |
| Website | agroalianza.com.py |
What it is
Agroalianza is a Paraguayan rice miller and processor, officially classified by the securities regulator under the activity of “Molienda de Arroz y Fabricación de Productos de Arroz” — rice milling and fabrication of rice products. Operating out of San Juan Bautista, in the southern department of Misiones, it processes, industrialises and sells rice.
The plant has a milling capacity of 30 tonnes of rice per hour and a static storage capacity of 75,000 tonnes. At launch the company was supporting around 13,500 hectares of rice cultivation in the area, and the broader Agroalianza network involved roughly 1,000 workers, directly boosting the Misiones department.
Who owns it
Agroalianza was born, in the words of its founding partner, “from an opportunity that came together with the dream and challenge of a group of allied companies that matured a shared vision” — a consortium of Paraguayan agribusiness interests, not a single family. The precise shareholding breakdown and the identity of each corporate owner are not disclosed in available public sources.
Ignacio Heisecke serves as president of Agroalianza, and is also publicly identified as a founding partner. Maico Doldán holds the title of Gerente Financiero (CFO) at Agroalianza S.A., with a background in industrial and agricultural cost accounting.
Who runs it
The Board of Directors — el Directorio — convened a General Ordinary Assembly for 30 April 2026, at the company’s Monte Alto address, to review the annual report, balance sheet and income statement. The names of all board members beyond Heisecke are not disclosed in available sources.
The money, in plain words
No audited annual revenue, profit or total-asset figures are available in open public sources as of this writing. The company has failed to file its quarterly periodic information on at least two occasions, triggering automatic suspension from Paraguay’s primary market — most recently for missing the Q1 2025 report due 19 May 2025.
Until those filings are made public, verifiable financial performance figures cannot be presented.
A 2017 extraordinary assembly approved a loan of up to USD 11.58 million from Banco Regional SAECA to acquire the San Juan Bautista properties — the mill site, silos, machinery and installations — at a purchase price of USD 11.55 million. This gives a floor estimate of the capital deployed to build the core asset, though the current debt position is not publicly available.
What it is doing now
Since 19 May 2025 the Superintendencia de Valores (SIV) — Paraguay’s securities regulator — has again suspended Agroalianza from issuing new shares or bonds in the primary market, because the company missed its mandatory quarterly filing for the period ending 31 March 2025. This is the second such suspension in twelve months: a prior suspension imposed in August 2024 was lifted on 3 December 2024, after the company filed the overdue Q2 2024 report.
The 2026 annual shareholders’ meeting was called to review the annual report, balance sheet and income statement for the prior year — a routine step, but one that sits awkwardly alongside a live regulator suspension for non-disclosure.
What to watch
- Regulatory standing: Whether and when Agroalianza files the missing Q1 2025 periodic report and lifts its current SIV suspension — this is the gating condition for any new capital-market activity.
- Financial transparency: The company has now missed regulator deadlines twice in under a year; a pattern of late disclosure is a warning sign for any holder of its listed securities.
- Rice-market exposure: Paraguay is a meaningful rice exporter; global rice price swings directly hit a miller’s margins. Any future financials should be read against the price environment in each year.
- Ownership clarity: The consortium structure has never been publicly detailed; a capital call or new bond issue would require the regulator to receive — and investors to see — a proper ownership disclosure.
Sources
- Superintendencia de Valores (SIV) — Banco Central del Paraguay: Agroalianza S.A. — issuer page with suspension notices
- Bolsa de Valores de Asunción — Hechos de Relevancia: AGROALIANZA S.A.E. material events
- Bolsa de Valores de Asunción — Emisores: AgroAlianza S.A. listing page
- InfoNegocios Paraguay (3 Oct 2017): Plant inauguration report — Ignacio Heisecke interview
- Diario Correo Comercial: 2026 AGM notice — AGROALIANZA S.A.E.
- Diario Correo Comercial: 2017 extraordinary assembly notice — loan approval
- Market data: EODHD (no financials available for this issuer).
This is news, not investment advice.
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