Dairy foods group Ebro Puleva revealed earlier today [Thursday] that it plans to earmark 4% of its annual revenue to fund its research and development (R&D) activities.

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Vice president Guillermo Mesonero-Romanos explained that the development of new products will be a key strategy and Ebro Puleva has already ploughed €93m (US$91.3m) from its €2.3bn turnover in 2001 to R&D.


According to a report in Expansion, the firm operates two R&D centres, which are based in Granada, southern Spain and in Valladolid, western Spain.

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