PORTUGAL: Compal looks to exports for future growth
Compal has said that is targeting ambitious export growth going forward.
The CEO of the Portuguese soft drinks producer was cited earlier this week as saying Compal is aiming for exports to make up 50% of total sales by 2010. Last year, sales in foreign markets accounted for 28% of sales, up from 19% in 2006.
To achieve this aim, Jose Jordao told local reporters that the company will look to launch its Essencial line of drinks in the UK in the near future. The brand is already available in Spain, Switzerland, Sweden and Russia.
The company will also focus its efforts on the Angolan market, Jordao noted.
Compal is 80%-owned by the state-owned bank, Caixa Geral de Depositos (CGD) The balance is held by soft drinks company Grupo Sumolis, which bought the 20% stake from Nutrinvest three years ago.
Sectors: Soft drinks
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