Argentine food maker Molinos Rio de la Plata is expanding its pasta production to build on its leadership of the sector.
Molinos has invested ARS75m (US$17.7m) to expand capacity at its Malvinas Argentinas facility, in the province of Buenos Aires.
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The move has increased production of its Lucchetti and Matarazzo pasta brands from 60,000 to 95,000 tonnes per year.
The expansion is part of a ARS120m Argentine pesos investment plan for 2011-2012. Molinos plans to open a new dehydrated filled pastas plant in January. The factory in Villa Adelina will produce 2,000 tonnes a year.
Molinos, Argentina’s second-largest food company, leads the country’s pasta market. According to the consultancy firm Nielsen, the company’s Matarazzo brand had 13.5% of the local market, while Luchetti had a market share of 13.7%. Meanwhile, Molinos’ Don Vicente spaghetti brand accounts for 4% of the market.
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By GlobalData
