Campofrío to invest US$157M in meat plant in Spain
New facility to replace hurricane-damaged site in Torrent
SPAIN – Spanish meat producer Campofrío is constructing a new processed-meat facility in Utiel, an investment valued at approximately US$157M.
The upcoming site, located west of Valencia, is slated to assume operations from the company’s Torrent plant, which sustained extensive damage during a hurricane in October 2024.
Campofrío said the Torrent site had employed more than 300 people before the storm hit it, and the company has pledged continued support for the affected workforce.
The new factory, located approximately 75 kilometres from Torrent, is expected to have increased production capacity to meet evolving consumer demand for processed meat products.
Alongside the Utiel development, the company is allocating an additional US$24.5M for new production lines at its Burgos plant, as part of a wider expansion programme.
Both the Utiel facility and the Burgos upgrades are planned to be operational by 2027, according to Campofrío’s parent company Sigma Alimentos.
Campofrío, which operates in 17 countries, manufactures a variety of meat-based goods including sausages, cured and cooked meats, and ready-to-eat snacks and pizzas.
The company is part of Sigma’s European business unit, which in 2024 recorded revenue of US$2.28B, a 3% decline compared to the previous year.
Despite the drop in revenue, Sigma reported that the unit’s EBITDA more than tripled to US$95M, citing internal efficiencies and easing production costs as contributing factors.
Sigma, based in Mexico, saw its total revenue increase by 4% in 2024 to US$8.8 billion, while its EBITDA rose 17% to US$1.05 billion.
Plant-based product line remains active
Campofrío has also kept a foot in the plant-based segment, having introduced its Magic Burger, a soy, pea, and mushroom-based product, in 2020.
This development followed the creation of its Vegalia unit in 2017, aimed at meeting the dietary needs of vegetarian and flexitarian consumers.
While the company has expanded its product range in recent years, the primary focus of the latest investment is on boosting meat processing capabilities in Spain.
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