Celorrio is to build a large complex in Ethiopia which will be the largest investment ever made by the La Rioja-based group, employing more than 3,000 people. The complex is intending to increase substantially its capacity to manufacture vegetable preserves (asparagus, Piquillo pepper and artichoke).
After several years of research across several countries, it seems that the town of Mek’ele has the microclimate suitable for these crops and a great water capacity.
The factory, which will be ready in September 2018, will have a constructed area of 65,000 m2, over a total acreage of 5,000 hectares of land, with the aim of reaching a production capacity of 80,000 tons.
The aggregated sales of Grupo Celorrio amounted to €190 million in 2016, 9% more than the previous year. Of that turnover, 20% comes from exports.