founded c. 1930 headquarters ponce puerto rico key people julio bravo soler general manager products coffee website http www.caferico.com and http www.yaucono.com caf rico is a puerto rican corporation that manufactures coffee branded by the same name . the company s headquarters are located at avenida las americas route 163 and calle comercio route 133 in barrio san ant n in the city of ponce puerto rico . the company used to be called cooperativa de cafeteros coffee growers cooperative . its coffee has been reported to be puerto rico s best and its san carlos selection is said to have been the vatican s favorite coffee at one time . 1 non primary source needed 2 3 the company has the only coffee tasting lab and the only certified taster on the island . 1 4 the company has a partnership with yauco selecto estate coffee . 1 contents 1 history 2 today 3 other activities 4 products 5 sales volume 6 headquarters and warehouses 7 federal relations 8 economic outlook 9 leadership 10 see also 11 references 12 additional reading history edit caf rico headquarters in barrio san ant n cooperativa de cafeteros was founded in the 1930s . its first administrator was ramiro l. colon . it was the first agricultural cooperative union in puerto rico . 5 one of its major goals when it was founded was to become a major player in the coffee business by being not just the major grower of puerto rican coffee but also its major manufacturer . in september 2009 the company closed the 110 000 square feet 10 000 m2 avenida las americas plant for renovations and puerto rico coffee roasters spent 8 million to reopen it again in december 2010 . today the las americas plant performs some 60 % of the company s coffee roasting operations there . 6 7 8 in july 2008 puerto rico coffee roaster purchased the caf rico caf yaucono and caf rioja brands thus acquiring about 60 percent of puerto rico s coffee market . 9 10 today edit today cafe rico is the coffee with highest sales in puerto rico . citation needed it is the only coffee packaged in a vacuum a technique used to preserve the coffee s aroma . annual 1965 sales are over 8 million . the company has packaging plants in ponce and san juan . 11 it has new corporate headquarters in barrio sabanetas in ponce . after closing down the 110 000 square feet 10 000 m2 avenida las americas plant in september 2009 puerto rico coffee roasters spent 8 million and reopened it again in december 2010 . today the las americas plant performs some 60 % of the company s coffee roasting operations there . 9 10 12 other activities edit the company has an egg packaging subsidiary called huevos ricos . has its own credit company has its own insurance company for insurance against hurricanes earthquakes liability etc. publishes the only agricultural magazine in puerto rico recently diversified into gasoline retailing with outlets in ponce san juan and mayaguez products edit a bag of ground caf rico in july 2008 puerto rico coffee roaster acquired cafe rico as well as cafe yaucono and cafe rioja which together account for some 60 % of the coffee consumed in puerto rico . 11 cafe rico stopped operations out of its las americas avenue plant in ponce in september 2008 but in august 2010 puerto rico coffee roaster announced plans to invest 8 million usd to bring the plant back into operation . with the investment its santurce operations will move to ponce . this will make the las americas location the largest coffee roasting location in the caribbean 13 and the facility the most modern coffee roasting facility in the caribbean . 10 14 some of the products of the company are decaff cafe rico 50 50 yauco selecto and yaucono espresso . 3 sales volume edit during fiscal year 1962 63 the total volume of the cooperative was 35 million . headquarters and warehouses edit the central offices are in the city of ponce . there are also branch offices in san juan arecibo yauco mayaguez san sebastian utuado adjuntas jayuya and ciales . federal relations edit in the 1930s the company had over 300 000 in escrow at the bank of baltimore . it is an agricultural partner with the federal intermediate credit bank . it is a member of federacion de cooperativas de estados unidos united cooperatives the cooperative grange league federation and the pennsylvania farm bureau the national council for farmer cooperatives and the american institute for cooperation . economic outlook edit the company has 10 million in resources with reserves of 4 million . membership in the guild is so large that its annual meetings heavily attended by its members requires a whole baseball stadium to carry it on . they take place at the francisco montaner stadium in ponce . 15 leadership edit its board of directors has 15 members representaing all coffee districts in puerto rico . its past presidents have included andr s grillasca salas . its current board of directors includes oreste ramos . see also edit puerto rico portal puerto rico did you know puerto rico portal puerto rico list of puerto ricans references edit a b c caferico.com a synopsis of the history of puerto rico coffee . cafe real de puerto rico . 2007 . retrieved 6 march 2014 . a b protectionist puerto rico struggles to rebuild coffee sector . larry luxner . the tea & coffee trade journal . october 2001 . retrieved 6 march 2014 . cafe rico 50 50 gourmet coffee . tastes of the world . retrieved 6 march 2014 . coffee testing lab puerto rico coffee roaster inyecta 8 milllones a antigua torrefactora . by jason rodr guez grafal . periodico la perla del sur . ponce puerto rico . puerto rico coffee roaster inyecta 8 milllones a antigua torrefactora . by jason rodr guez grafal . periodico la perla del sur . ponce puerto rico . puerto rico coffee roaster inyecta 8 milllones a antigua torrefactora . jason rodr guez grafal . la perla del sur . ponce puerto rico . 21 october 2009 . page 16 . retrieved 3 november 2011 . a b puerto rico coffee roaster inyecta 8 milllones a antigua torrefactora . by jason rodr guez grafal . periodico la perla del sur . ponce puerto rico . a b c puerto rico coffee roaster inyecta 8 milllones a antigua torrefactora . jason rodr guez grafal . la perla del sur . ponce puerto rico . 21 october 2009 . page 16 . retrieved 3 november 2011 . a b 1 puerto rico coffee roaster inyecta 8 milllones a antigua torrefactora . by jason rodr guez grafal . periodico la perla del sur . ponce puerto rico . pr coffee roasters opens 15m plant . caribbean business . 19 may 2011 . puerto rico coffee roaster inyecta 8 milllones a antigua torrefactora . jason rodr guez grafal . la perla del sur . ponce puerto rico . retrieved 8 april 2011 . el nuevo dia . 24 june 2008 . compran a yaucono alberto de la cruz presidente de coca cola puerto rico bottlers es uno de los inversionistas . additional reading edit luis pumarada o neill . la industria cafetalera de puerto rico 1736 1969 . puerto rico portal puerto rico did you know puerto rico portal coordinates 18 0 31.2474 n 66 36 2.3034 w 18.008679833 n 66.600639833 w 18.008679833 ; 66.600639833 retrieved from https en.wikipedia.org w index.php title caf rico & oldid 734532429 categories companies based in ponce puerto ricopuerto rican brandscoffee brands1930s establishments in puerto ricofood and drink companies of puerto ricohidden categories pages using infobox company with unsupported parametersall pages needing factual verificationwikipedia articles needing factual verification from march 2014all articles with unsourced statementsarticles with unsourced statements from march 2014coordinates not on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated 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