{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Venezuelan food producer announces joint investment with Spanish company' data-url='/boclips/videos/5c54c08cd8eafeecae14b949' data-video-url='/boclips/videos/5c54c08cd8eafeecae14b949' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nVenezuelan food producer announces joint investment with Spanish company\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Tilt down front of Polar Company building2. Mid of people entering at the building3. Close of sign reading: (Spanish) Polar company4. Pan right of news conference5. SOUNDBITE: (Spanish) Pablo Baraybar, Director of Polar food...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Tilt down front of Polar Company building\u003cbr/\u003e2. Mid of people entering at the building\u003cbr/\u003e3. Close of sign reading: (Spanish) Polar company\u003cbr/\u003e4. Pan right of news conference\u003cbr/\u003e5. SOUNDBITE: (Spanish) Pablo Baraybar, Director of Polar food division:\u003cbr/\u003e\"The new company's name is Pascual Andina Corporation (C.A), with an investment of more than 450 (m) million of bolivares (105 (m) million US dollars) will produce non-perishable yoghurt (6 months without refrigeration) starting in the first three months of 2012. This investment is a clear show of confidence that Polar Company has in this country.\"\u003cbr/\u003e6. Wide of news conference\u003cbr/\u003e7. Close of journalist\u003cbr/\u003e8. Mid of news conference\u003cbr/\u003e9. SOUNDBITE: (Spanish) Tomas Melendez, Director of Pascual International division:\u003cbr/\u003e\"We trust in the country, we trust in the opportunities that there are here, we believe in free trade, in development and opening a factory. Otherwise, we would not be here.\"\u003cbr/\u003e10. Close of cameraman\u003cbr/\u003e11. SOUNDBITE: (Spanish) Pablo Baraybar, Director of Polar food division:\u003cbr/\u003e\"Polar has been always doing this. Polar has been investing in the last 70 years, even in different situations. There is no problem with the day or the year that we are living in, this is an ideal, the investors of this company believe that this is the solution, the solution for the country is to invest, to create jobs and new companies.\"\u003cbr/\u003e12. Mid of news conference\u003cbr/\u003e13. Various of representatives and owner of Polar and Pascual company shaking hands and posing for pictures\u003cbr/\u003e14. Close of Polar company sign on building\u003cbr/\u003e15. Pan right of front of Polar factory\u003cbr/\u003e16. Mid of employees entering factory\u003cbr/\u003eVenezuelan food producer Empresas Polar plans to team up with the Spanish conglomerate Grupo Leche Pascual to invest about 100 (m) million US Dollars in a new factory to produce yogurt.\u003cbr/\u003eThe companies announced plans to set up the plant in the Venezuelan city of Valencia and said they have created a joint company, Pascual Andina, that will focus on producing non-perishable yogurt, yogurt that can last 6 months without refrigeration.\u003cbr/\u003ePablo Baraybar, director of the Venezuelan corporation's Alimentos Polar, said at a news conference on Tuesday that joint investment will total more than $105 (m) million US Dollars - over the next five years.\u003cbr/\u003eWhen journalists asked the representative of the Spanish group why they decided to invest in a country that is expropriating some private companies, Tomas Melendez,  director of Pascual International Division, said they have faith in the country and in its partner.\u003cbr/\u003e\"Otherwise, we would not be here.\"\u003cbr/\u003e\"This investment is a clear show of  confidence that Polar Company has in this country,\" said Baraybar.\u003cbr/\u003eLast year Venezuelan President Hugo Chavez threatened to nationalise Empresas Polar, and said he is at war with the nation's business leaders.\u003cbr/\u003eHe also warned Lorenzo Mendoza, president of food producer Empresas Polar: \"If you think I won't dare to nationalise Empresas Polar, you're very wrong.\"\u003cbr/\u003eChavez has in the past, accused business leaders of attempting to worsen Venezuela's economic troubles and weaken his political support. \u003cbr/\u003eBusiness leaders deny this.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid 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