Prozis aims for €10M turnover at new factory
The Portuguese food and sports clothing group Prozis, owned by entrepreneur Miguel Milhão, aims to have a €10 million turnover for its 12th factory that will produce socks.
Miguel Milhão is the owner of a sports nutrition empire whose success rests on a vertical industrial model based on technology he has devised and marketed under the Prozis brand.
Prozis currently has 11 factories in the north of Portugal that produce frozen foods (Prozis Kitchen), powdered and compressed products (Prozis Foods), peanut butter and drinks (Prozis Nuts), brownie, muffins and biscuits (Prozis Bakery), muesli, popcorn and cereal bars (Prozis Cereals), sports clothes (Prozis Seamless), ice creams, sauces, syrups, dried ice and a labelling unit that produces the labels for all its products.
The company has six factories in Póvoa de Lanhoso and the others in Guimarães, Braga and Maia and will open the new factory producing socks in Vila Nova de Famalicão
The project, which will entail a €3 million investment on a 5,000m2 site, will be up and running by the end of the year and will employ around 100 in 2024.
A self-made man, Miguel Milhão started his business at the age of 23 by selling a car his father had given him, founding Prozis in 2007.
The group made €190 million in 2022, up €70 million on 2019, with 85% of goods produced exported and 90% of all sales made online.