Spain-based distillery Diego Zamora is investing €15m in a new Licor 43 manufacturing plant and headquarters in Cartagena, near Murcia in Spain.
The facility is schedueled to be opened in September 2013.
The investment follows the recent increase in the sales of Licor 43, a yellow colored Spanish liqueur made with 43 different ingredients, including citrus, fruit juices, vanilla and other aromatic herbs and spices. The liqueur derived its name from the 43 ingredients used in its preparation.
In 2012, the company reported 9.1% consolidated growth in its sales to €124m and 4.6% consolidated growth in profit after tax (PAT) to €11.7m, compared to the previous year figures.
The new facility will allow the company to increase production capacity by 50% and to create new jobs in the region, reported Drinks International.
Diego Zamora CEO Emilio Restoy Cabrera was quoted by the website as saying that the recent growth obtained both nationally and internationally, has meant that the production capacity of their current factory was at its limit and an extension was necessary to allow them to continue their global expansion.
"The situation in the domestic market is, objectively, very bad, with a slump of 30% in six years. However, Diego Zamora Group is achieving growth, both organic, and also in distribution of new brands," Cabrera added.
"Internationally, the market is very different, with sustained growth, especially in the premium beverage industry.
"This is being felt in the very strong performance of our brands in international markets, where we continue to have a great growth potential in the medium term, through investment in brand knowledge and opening new markets."
