One Of The Few Spanish Firms To Grow During The Crisis Finally Expands — To China

Viscofan

The global crisis that is devastating the world has had a grave impact on the food industry.

However, there are some notable exceptions such as Viscofan.

The company, which produces synthetic packaging for beef and fish, has continued to grow throughout the crisis.

Neither its revenues nor net profits (ebitda) have contracted since the crisis began.

Run by José Domingo de Ampuero y Osma, the company is looking straight through the recession. In fact, recently it has conducted a capital expansion of 14.5 million euros and an agreement with local authorities in China for the construction of a new collagen extraction factory.

China has become the main collagen producer in the world and is one of the most dynamic players in this business.

Further, according to analysts from BPI, it has also become the largest producer of meat in the world. So Viscofan’s increased presence has been indispensable.

Construction of the company’s new plant is aligned with its expansion policy and will offer numerous advantagess, such as the potential for mid-term growth in China or improvements to production efficiencies. It will also amplify its market share, which would rise from 2010 levels of 5% to approximately 15% according to analysts from Bankia.

This post originally appeared at El Economista.

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