Spanish meat giant Campofrío is making a significant investment of €134 million ($156.7 million) to establish a new processed-meat plant in its home market.
This new facility will be located in Utiel, replacing the existing plant in Torrent, which is situated 75 km east of Valencia.
The Torrent facility, which once employed over 300 workers, sustained severe damage from a hurricane in October. In a statement issued on June 26, the company reaffirmed its commitment to supporting these employees.
Campofrío noted that the new factory will feature increased capacity, allowing the company to adapt effectively to the evolving demand for processed meats.
Additionally, the Utiel factory is part of a broader investment initiative amounting to €157 million. The company is also allocating €23 million for new production lines at its Burgos facility.
Owned by Mexico’s Sigma Alimentos, Campofrío operates across 17 countries and manufactures a diverse range of products, including cured and cooked meats, sausages, snacks, and pizzas.
According to a statement from Sigma, both the new factory in Utiel and the upgraded lines in Burgos are expected to be operational by 2027.
In a step to diversify its offerings, Campofrío launched its first vegan product, the Magic Burger, in 2020. Made from soy, peas, and mushrooms, this product marked a significant shift for the brand, following the establishment of the Campofrío Vegalia unit three years prior to address the needs of vegetarian and flexitarian consumers.
Campofrío operates within Sigma’s European reporting unit. In 2024, this division achieved a revenue of $2.28 billion, reflecting a 3% decline from the previous year. However, its EBITDA more than tripled to $95 million, attributed to structural efficiencies and an improving cost environment, as stated by Sigma.
Group-wide, Sigma reported a 4% hike in revenue to $8.8 billion, alongside a 17% rise in EBITDA to $1.05 billion.
