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May 2015

Grupo Fuertes capex totaled 109 million euros in 2014

Wiki Spanish Food editorial team

Grupo Fuertes's capital expenditure amounted to 109 million euros in 2014, and was used to increase its companies' competitiveness, focusing on innovation and internationalization and on strengthening the brands with which it works. The workforce expanded by 3.8% in 2014, to 5,965 employees, in addition to the more than 30,000 indirect jobs it provides.

Consolidated revenues for the companies comprising Grupo Fuertes totaled 1,413 million euros in 2014, up 10% with respect to 2013. Exports continue to grow, and the group currently has a company in Russia, Tambovskaia Indeika, which produces and sells turkey meat, together with local partner Grupo Cherkizovo, a leader in Russia's meet industry.   Several of its companies, such as ElPozo Alimentación and Bodegas Luzón, also have a significant international presence.  

The business philosophy is based on continuous improvement, reinvestment and sustainable development. The holding comprises a powerful agri-food organization with diversified investments that guarantee its sound position and future.

Grupo Fuertes also holds financial stakes in companies that operate in a range of sectors, including leisure, telecommunications, infrastructure, nursing homes, R&D and innovation and biotechnology.

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