Spain-based tuna supplier Luis Calvo Sanz, known as Grupo Calvo, plans to invest €50 million ($58.1m) in Brazil to build a new plant with improved efficiency within the next ten years, integrating its current facilities in the country into one industrial complex.
At present, Gomes da Costa, Calvo\'s Brazilian business, owns three plants in Itajai, Brazil: a cannery; a can and packaging factory; and facility that turns fish waste into by-products. It also operates a distribution center and several warehouses.
The three plants will be integrated into a mega-plant, which Calvo plans to build in Itajai, according to an agreement with local authorities.
Gomes da Costa, Calvo\'s business in Brazil, is a leading tuna and sardine brand in the Brazilian market.
The company has invested €3.5m in a by-products factory in Brazil for producing fishmeal, fish oil, as well as feed. The factory will currently testing its fishmeal production, the spokesman said.
The firm plans to increase its sales by 40% in coming years, particularly in the Europe, the firm\'s general director for the region, Alberto Encinas, told Undercurrent in an interview earlier this year. Also, there is a lot of potential for development in Brazil.
Source: Undercurrent News // Original Article