Calvo plant in El Salvador (Photo: Calvo)
Calvo Group seeks new export markets
EL SALVADOR
Thursday, February 26, 2015, 03:40 (GMT + 9)
Grupo Calvo is seeking new markets this year, with the goal of being a more internationally competitive company. Among the new countries it addresses are the UK, Russia, China, Germany, Vietnam and Belgium.
The plant in El Salvador is a key point for fishing and product distribution for the company. Located in La Union, the plant packs the tuna it receives and exports its products to Central America. Its average level of production is around 1.5 million cans of tuna per day.
Boris Quintanilla, country director for Grupo Calvo, explained in an interview with a local newspaper, El Diario de Hoy, that the company exports 1,500 containers of products per year. This represents between 70 and 80 per cent of all factory production, while the rest is sold in the Salvadoran market.
The idea of the company is to explore new markets to seize the opportunity of other countries demanding more fish products. Currently, Asian companies with tuna products dominate its own market and the European one. Calvo aims to compete with them offering its products to these regions.
Quintanilla is confident that they can achieve the goal set in the first half of the year.
Calvo seeks to penetrate the new markets exporting products preserved in cans or glass bottles.
The good performance that the company has had in El Salvador is reflected in the 8 per cent growth recorded in 2014, figure which its executives hope to repeat this year.
According to Quintanilla, Grupo Calvo in El Salvador bills, considering all its products, between USD 110 and 120 million.
Since 2003, the Group has invested about USD 140 million in a factory at La Union. This includes ship maintenance and production line improvement.
At this time, 5 per cent of plant production is focused on the manufacturing of fishmeal, and the idea is to continue investing to strengthen this sector specifically.
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