Sigma Alimentos, the parent company of Spanish meat producer Campofrío, has announced plans to invest €157 million ($169.6 million) to permanently recover its production capacity in Spain after its Torrente facility was severely damaged in storms.
The planned investment includes €134 million ($145 million) for a new processed meat factory in Utiel, Valencia, alongside €23 million ($25 million) to increase capacity at the Burgos site.
Sigma Alimentos is a global food company offering a wide range of branded refrigerated and frozen foods under more than 100 brands, including FUD, Campofrio and Bar-S.
“The production recovery plan will enhance efficiency and operational flexibility, reinforcing other efforts focused on profitability improvement in Europe”, Sigma Alimentos said in a statement.
The recovered production capacity is expected to be fully operational by 2027.
Source: Sigma / FoodBev
