CHEMTEC S.A.E.

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What it is

CHEMTEC S.A.E. manufactures agrochemicals, veterinary products, biocides, and other farm chemicals — the pesticides, herbicides and fungicides that Paraguay’s soy and cattle farmers spray every season.

Its Villeta industrial plant operates to FAO good-manufacturing-practice standards, and the company holds the first private agrochemical laboratory in Paraguay to be internationally accredited under ISO/IEC 17025.

Chemtec leads the Paraguayan market with some product lines and exports periodically to Bolivia, Argentina and Brazil. It holds more than 80 active phytosanitary product registrations.

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Who owns it

Paraguay’s national government-procurement registry lists Guillermo Pessagno and Irene de Pessagno as the registered owners, with the company incorporated as a Sociedad Anónima Emisora on 25 March 2009. The Pessagno family is clearly the controlling group; the exact percentage split and any free float are not disclosed in available exchange or regulator filings.

The company presents itself as a Paraguayan firm with eight years of sustained growth in Paraguay and thirty years of prior experience in Argentina. That Argentine heritage explains the Pessagno family’s chemistry background and why Chemtec’s product portfolio mirrors the more mature Argentine agrochemical industry.

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Who runs it

The Banco Central del Paraguay’s securities register (Superintendencia de Valores) lists Sr. Guillermo Oscar Pessagno as President of CHEMTEC S.A.E.

The company’s own website identifies Germán Pessagno as C.O.O. (Chief Operating Officer), suggesting a family management structure across the two senior roles.

Not published: a separate CFO or independent board chair is not disclosed in any filing reviewed, including the Superintendencia de Valores issuer page (siv.bcp.gov.py) and the BVA emitter listing. Paraguay’s Reglamento General del Mercado de Valores (Resolución N° 35/2023) requires periodic disclosure but does not mandate individual board-member identification beyond the president.

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The money, in plain words

Not published: CHEMTEC’s revenue, net profit, total assets, net margin, return on equity, price-to-earnings ratio and dividend yield cannot be stated. The primary sources searched — the Superintendencia de Valores issuer page (siv.bcp.gov.py), the Banco Central del Paraguay’s emisores register (bcp.gov.py/en/emisores), the Bolsa de Valores de Asunción filing archive, and the company’s own investor-relations page — contain no audited financial statements for any period after the 2014 balance sheet document found in the BVA archive (which is no longer accessible).

The Superintendencia de Valores formally suspended CHEMTEC on 1 April 2025 specifically because the company failed to file its audited annual accounts for the year ending 31 December 2024. It was also suspended on 4 April 2024 for failing to file the audited annual report for the year ending 31 December 2023, as required under the Reglamento General del Mercado de Valores, Resolución N° 35/2023, Título 4, Capítulo 3.

Until those reports are filed and made public, no verified income or balance-sheet figures can be published here.

At the last disclosed staffing level, the company employed roughly 70 people — a small-company footprint that, combined with the family ownership and the absence of recent accounts, places it squarely in Paraguay’s micro-cap tier where transparency obligations exist on paper but enforcement has clearly been irregular.

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What it is doing now

As of 3 June 2025, the Bolsa de Valores y Productos de Asunción formally reported that CHEMTEC had failed to pay principal and interest on its two outstanding bond series, PYCHT01F0375 and PYCHT02F0381. Those are dollar-denominated bonds (the “PEG USD1” programme); the same payment failures on the same two series were first reported to regulators in early 2024.

The pattern of missed payments stretches back to at least March 2022, when Cadiem C.B.S.A., the bondholders’ representative, first formally convened an assembly of bond-holders and filed notice with the regulator.

As of late 2025 the Superintendencia de Valores had imposed yet another automatic market-suspension, blocking Chemtec from any new public issuance of shares or bonds. The company is therefore locked out of the capital markets it once used to fund itself.

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What to watch

• Bond resolution: Whether the two defaulted bond series are restructured, repaid, or move toward legal enforcement by bondholders is the single most important near-term event.
• Accounts filing: The company owes audited annual accounts for at least 2023 and 2024. If and when these are published on the Superintendencia de Valores portal, they will be the first verified window into revenues, margins and the scale of the debt problem.
• Regulatory standing: Each new quarterly deadline the company misses triggers a fresh suspension. These automatic suspensions are a preventive measure under the Reglamento General del Mercado de Valores (Resolución N° 35/2023) and are not classified as formal sanctions — but they signal a company that has lost the operational discipline to meet basic disclosure obligations.
• Agricultural cycle: Chemtec sits at the centre of one of the world’s largest soybean regions — a genuine structural tailwind, if the company can stabilise its finances and return to normal operations.

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This is news, not investment advice.