ETSA to invest €80 million
ETSA, a Semapa Group company that specialises in recovering animal by-products, is to invest €80 million and double its business in 5 years.
The food industry recycling company aims to invest in sophisticated markets and products that stand out from its competitors.
With a plan for organic growth and acquisitions, it has €80 million to invest, of which €16 will be for its fifth factory in Portugal.
Its CEO, Afonso Lobato de Faria says that after exporting to Europe, South-East Asia and Africa, the company will soon begin exporting to the US.
In an interview with Jornal de Negócios, the CEO said the company would open its fifth factory in Portugal in a €16 million investment, including around €4 million of funding coming from the Portugal Recovery and Resilience Fund (RRP).
The companies’ products include processed animal proteins, animal feeds, meal for organic fertilisers and feed, purified used cooking oils, animal fat for biodiesel production, beef tallow for the oleo-chemical industry, white pork lard for animal feed and biodiesel production.
ETSA is owned by Semapa, one of the main Portuguese industrial groups present in the areas of paper and pulp, cement and environment. Semapa, with a consolidated annual turnover close to €2.100Bn, is listed on the PSI20, the main Portuguese stock exchange index.