14 May 2009 - Europastry, a leading Spanish company specialized in parbaked bread and frozen pastries, says it expects a 15-20% growth for its international business this year.
According to Europastry general manager Jordi Gallés, the company's international business turnover grew to 45 million euro last year (accounting for approximately 12.4% of the company's total turnover) with growth reported mainly in France, Germany and Portugal.
A few months ago Europastry said it had started up a new doughnut production plant and a freezing warehouse with a capacity for 10,000 pallets, enabling the company to become the largest European manufacturer in this product category, with a total capacity of 300 million units a year.
Located in Rubí (Barcelona), the plant will employ 100 more workers.
This investment is in line with Europastry's strategic plan, which includes a total investment of 37 million euro for 2009.
Europastry's turnover amounted to 360 million euro in 2008 and its growth was estimated at 10%.