Imperial Invests €6 Million In New Chocolate Factory
Portuguese chocolate manufacturer Imperial has invested €6 million in a new factory with a capacity of 3,000 tonnes of chocolate per year.
Speaking to Economia Online, Imperial CEO Manuela Tavares de Sousa said that the new investment will enable the company to target some European markets, as well as Asia Pacific and the Middle East.
She added that Imperial recently entered the Middle East, Russia and Australia, and consumption of chocolate in these markets is high so “great growth is expected".
For full year 2017, the company estimates a turnover of €34 million, representing a growth of €6 million compared to the previous year. The Portuguese market accounts for 70% of this turnover. By 2020, however, the company expects that its expansion plans will generate sales of €40 million per annum.
Imperial has been owned by the Vallis Sustainable Investments I fund since July 2015. The company owns confectionery brands such as Regina, Pintarolas and Pantagruel, and is present in more than 50 countries, across five continents.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine.