MAKVEL: From signing a deal on a napkin to investments of 26 million euros
The pasta industry MAKVEL-EURIMAC in Kilkis, Greece, aims for maximum sales and operational profitability by 2027 following significant investments and plans for modernization.
MAKVEL-EURIMAC, a pasta manufacturer based in Kilkis, Greece, is targeting substantial sales and operational profitability by 2027 after investing €23 million over six years (2020-2025) and planning an additional €2.5 million investment for the current financial year. The investments are aimed at increasing their current output from 76,000 tonnes to over 85,000 tonnes to meet both domestic demand and boost their exports, which currently make up 55% of their sales across 60 countries, including as far as Japan.
The company's recent investments have focused on modernizing production processes and enhancing performance to cater to growing market demands. Additionally, this investment plan includes initiatives to comply with ESG (Environmental, Social, and Governance) standards as well as upgrades in cybersecurity, which fall within the scope of the EU’s NIS2 directive. These enhancements not only aim to improve operational efficiency but also to align with global standards and expectations in sustainability and security.
MAKVEL's growth and strategic direction reflect a broader trend in the food manufacturing industry, where companies are increasingly investing in sustainability and innovation to maintain competitiveness in the global market. The implications of these investments suggest a commitment to quality and efficiency that could position MAKVEL as a leader in both domestic and international markets, responding well to growing consumer awareness around sustainability and corporate responsibility.